![]() ![]() Didi was part of a recent groundswell of Chinese darlings keen to tap America’s deep capital markets. Alibaba, an e-commerce behemoth which went public in New York in 2014, remains the largest American IPO in history. Not long ago American exchanges were the leading destination for ambitious Chinese firms. The first is the end of Chinese IPOs in America. It also portends two big changes in how foreign investors will access Chinese shares in the future. ![]() This is a fiasco for the firm and its shareholders, such as SoftBank, a Japanese investment group (whose share price has sunk by 8% since the delisting announcement). It is possible that the company has been forced to leave America by Chinese internet regulators. It has not specified its reasoning or responded to queries on the move. Whatever its sin, Didi now says it plans to delist from New York and relist in Hong Kong. Your browser does not support the element.Įnjoy more audio and podcasts on iOS or Android.
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