Trump announces trade deal with EU following months of negotiations
NEW YORK - The New York Stock Exchange (NYSE) has initiated proceedings to delist Global Blue Holding AG’s warrants, which trade under the ticker symbol GB.WT, according to a company statement released Wednesday. The company’s stock (GB) has shown remarkable strength, delivering a 58% return over the past year according to InvestingPro data, with shares currently trading at $7.45.
Global Blue was notified of the NYSE’s intention on June 6, with the exchange confirming on June 9 that trading of the warrants would be suspended immediately. The delisting decision was made due to "consistently low trading price levels" in accordance with Section 802.01D of the NYSE Listed Company Manual.
The Switzerland-based company stated it does not plan to appeal the determination. The delisting affects only the warrants and not Global Blue’s ordinary shares, which will continue trading on the NYSE under the ticker symbol GB.
Global Blue, which provides technology and services for tax-free shopping, payments, and post-purchase solutions, connects retailers, acquirers, and hotels with consumers across 53 countries. The company reported generating €33 billion in store sales and €508 million in revenue for the fiscal year 2024/25.
The company currently employs over 2,000 people and has been operating for more than 40 years, according to the press release statement.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.