The Nasdaq exchange has warned Qiwi about the delisting of its shares. The group of companies is considering filing an appeal against this decision. Trading of Qiwi’s securities on the Nasdaq was suspended in February 2022.
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The American stock exchange Nasdaq has warned the Qiwi Group of Companies about the delisting of its shares, according to the press service of Qiwi.
Nasdaq explained its decision by one of the clauses of the agreement, which gives the exchange the right to delist securities even if they meet all necessary conditions and criteria.
Qiwi is currently considering filing an appeal against Nasdaq’s decision. The company is also assessing the impact of the Nasdaq delisting on its listing on the Moscow Stock Exchange.
Qiwi shares have not been traded on the Nasdaq since February 2022.
In June, T-Bank (formerly Tinkoff) announced the acquisition of 51% of Rowi Group companies from Qiwi holding company: Rovi Factoring Plus LLC and Rovi Technologies LLC.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
