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BQ - 'Ruff' Ride For Pet-Focused Boqii As Slide Triggers Risk Of Wall Street Delisting
Boqii Holding Limited American Depositary Shares representing Class A
Boqii said its shares have traded below the $1 threshold for 30 consecutive trading days, triggering an automatic delisting notification from the New York Stock Exchange.
Pet community operator has failed to excite investors with its continued losses and growth that only outpaces the overall industry by a small margin.
The bottom line seems to be that Boqii has lost nearly all its support from the investment community, with only its underwriter still a fan.