NEW YORK -- Luckin Coffee will stop trading on the Nasdaq Stock Market on Monday, the company announced Friday, after it dropped a bid to appeal the exchange's delisting decision.
Companies
Luckin Coffee to delist from Nasdaq
Chinese chain will leave Monday as 13-month run comes to bitter end
Luckin Coffee's 13 months on the Nasdaq Stock Market will come to an end Monday. The Chinese company is trading at just $1.40 compared with over $50 earlier this year.
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