What's Going On With LianBio (LIAN) Stock?
Portfolio Pulse from Henry Khederian
LianBio (LIAN) shares surged 84% to $0.35 amid volatility following the company's late February announcement to delist its ADSs from the Nasdaq Global Market. The decision, part of a strategic review, includes winding down operations, deregistering shares, and returning value to shareholders through asset sales, out-licensing, and dividends. A $4.80 special dividend was declared.
March 15, 2024 | 7:44 pm
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LianBio's stock surged following the announcement of its delisting from Nasdaq, operational wind down, and a $4.80 special dividend.
The significant stock price increase can be attributed to the announcement of the company's strategic decisions including delisting, winding down operations, and especially the declaration of a $4.80 special dividend. These actions likely led investors to reassess the company's short-term value, resulting in the stock price surge.
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