NYSE Suspends Farfetch Ltd. Shares
By Josh Beckerman
The New York Stock Exchange said it was suspending Farfetch Ltd. shares immediately, citing a Monday securities filing that mentioned the company's expectation that Class A and B stockholders won't recover any of their outstanding investments.
Coupang said Monday that it would buy the business and assets of luxury retailer Farfetch Holdings, but the listed entity Farfetch Ltd. was unable to secure the additional liquidity it needed to continue as a going concern.
Farfetch Ltd. said in the filing that it expected to be delisted from the NYSE and to be liquidated.
On Friday, Farfetch shares closed at 64 cents. The stock was halted Monday morning.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
December 19, 2023 18:39 ET (23:39 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations