NYSE Suspends Farfetch Ltd. Shares
19 Dezembro 2023 - 8:54PM
Dow Jones News
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.
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