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Didi exit further blow to China listings in US

December 6, 2021
Source: thestandard.com.hk thestandard.com.hk
News Snapshot:
Agencies and Victor Zhong Didi Global's plan to withdraw from the New York stock exchange may create an even deeper chill after this year's drop-off in Chinese firms' listings in the world's most liquid market, bankers and advisers said. "It will now set a precedent for other US-listed companies, especially those with data concerns," said Justin Tang, head of Asian Research at United First Partners, Singapore. Didi fell over 22 percent at its weakest on Friday, extending the ride-hailing giant's slump to more than 50 percent below its US$14 (HK$109.20) initial public offering price. US-listed Chinese firms also fell sharply...
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