ByteDance May Delay IPO, Face Lower Valuation – CNBC
Following is the unofficial transcript of breaking news from CNBC’s Deirdre Bosa on CNBC’s “The Exchange” (M-F, 1PM-2PM ET) today, Tuesday, July 6. Q2 2021 hedge fund letters, conferences and more ByteDance May Delay IPOKELLY EVANS: Let's pick things up right there with shares of Didi dropping sharply after China revealed more details around its cybersecurity review of the company. Cybersecurity review includes banning new downloads of the app, the stock is plunging 20%, it's at 12 and change, that's well below its offering price of $14 for the IPO that just happened. It's down 30% from the re...