So-Young ADRs Whipsawed After Regaining of Nasdaq Compliance

Dow Jones

Jul 04, 2025

By Kelly Cloonan

American depositary receipts of So-Young International reversed their earlier gains to close lower after the company received a notice stating it has regained compliance with the Nasdaq's minimum-bid-price requirement.

ADRs closed 2.4% lower at $3.25 after rising as much as 16% earlier in the session. The ADRs are up more than three-fold since the start of the year, largely from their big gains in June.

The China-based aesthetic-treatment company said Thursday that the Nasdaq determined the bid price of its ADRs closed at $1 per share or greater over a period of 10 consecutive business days, from June 17 to July 1. In a volatile day of trading, the ADRs jumped immediately after the news before taking a dive in the last hour of the holiday-shortened session.

The company had initially received a deficiency notice from the Nasdaq last year after the closing bid price of its ADRs fell below the $1-per-share requirement for 30 consecutive business days. The company's extended deadline to regain compliance was Aug. 25.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

July 03, 2025 13:43 ET (17:43 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The company's extended deadline to regain compliance was Aug. 25. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to <a href=\"https://laohu8.com/S/KELYB\">Kelly</a> Cloonan at kelly.cloonan@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  July 03, 2025 13:43 ET (17:43 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2095319765.USD","symbol_name":"Natixis Thematics Subscription Economy R/A USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2548814703","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2548814703","pubTimestamp":1751564580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"American depositary receipts of So-Young International reversed their earlier gains to close lower after the company received a notice stating it has regained compliance with the Nasdaq's minimum-bid-price requirement.ADRs closed 2.4% lower at $3.25 after rising as much as 16% earlier in the session. 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The ADRs are up more than three-fold since the start of the year, largely from their big gains in June. \n\n\n  The China-based aesthetic-treatment company said Thursday that the Nasdaq determined the bid price of its ADRs closed at $1 per share or greater over a period of 10 consecutive business days, from June 17 to July 1. In a volatile day of trading, the ADRs jumped immediately after the news before taking a dive in the last hour of the holiday-shortened session. \n\n\n  The company had initially received a deficiency notice from the Nasdaq last year after the closing bid price of its ADRs fell below the $1-per-share requirement for 30 consecutive business days. The company's extended deadline to regain compliance was Aug. 25. \n\n\n \n\n\n  Write to Kelly Cloonan at kelly.cloonan@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 03, 2025 13:43 ET (17:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}