Definition of delist
transitive verb
: to remove from a list; especially : to remove (a security) from the list of securities that may be dealt in on a particular exchange
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Recent Examples of delist from the Web
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If the deal goes through, Worldpay shareholders will own about 41% of the new company, with the British firm delisted from London's stock market.
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After the merger, Worldpay shares will be delisted from the London Stock Exchange.
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Seth Fischer, co-founder and chief investment officer at Oasis Management, discusses Toshiba's corporate governance problems, the sale of its chip business and the possibility of the company being delisted from the TSE.
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The company has subsequently restated some financial results and was delisted from the Nasdaq in March.
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Some environmental groups called the decision to delist premature, saying the bear population is still at risk due to climate change and fragmented habitat.
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Activists successfully stymied efforts in 2007 when the Fish and Wildlife Service last tried delisting the animals.
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PERSPECTIVES The research backing delisting Yellowstone grizzly bears is flawed.
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When the bears are officially delisted, the impetus will be on Idaho, Montana, and Wyoming, instead of the federal government, to keep the population manageable.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'delist.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
First Known Use of delist
1929
Financial Definition of DELIST
delist
What It Is
Delisting refers to the removal of a security from active trading. It generally occurs when a company goes private, is bought out, declares bankruptcy or fails to meet listing requirements.
How It Works
Voluntary delisting might occur if a company is acquired or goes private. Involuntary delisting occurs when a company fails to meet the listing requirements as determined by the exchanges it trades. Listing requirements can be very complex and different types of issuers and securities may have different rules, but generally the guidelines include filing financial statements in a timely manner, a share price above a certain price, a minimum number of shareholders, a minimum market capitalization, or certain revenue, profit, cash flow and trading activity requirements.
To understand how the delisting process generally works, let's consider the stock of Company XYZ. The NASDAQ delists companies that have closing bid prices below $1.00 for 30 consecutive days or more. So if Company XYZ stock closes below $1.00 on the 31st day, the NASDAQ sends a noncompliance letter to Company XYZ informing it that its stock has to start closing above $1.00 in the next 180 days (issuers that fall out of compliance with an exchange's listing requirements are usually not delisted immediately; they are given time to resolve the situation). The exchange will then add Company XYZ to its list of noncompliant issuers.
If, after 180 days, Company XYZ stock is still trading below $1.00, NASDAQ will delist the issue. Usually an issuer has the right to appeal a delisting. This acts as a stay against the delisting in many cases. But if the issuer loses the appeal, the security is delisted. The exchange suspends trading in that security and notifies the issuer and the Securities and Exchange Commission (SEC) in writing and releases a press release.
Why It Matters
Although not all companies are delisted for negative reasons, delisting prevents exchanges from being filled with shoddy securities from issuers that may be on their last leg. By ensuring that all issuers maintain high administrative standards, exchanges are helping to reduce the systematic risk associated with the market and protect investors.
DELIST Defined for English Language Learners
delist
playDefinition of delist for English Language Learners
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: to remove (something) from a list
Law Dictionary
delist
playLegal Definition of delist
: to remove from a list; especially : to remove (a security) from the list of securities that may be traded on a particular exchange
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