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China's Didi Plans Hong Kong Ploy Amid IPO Shenanigans – Report

News Snapshot:

The IPO market is one that hubs such as Hong Kong, New York and London compete over for pre-eminence. The drama around the ride-hailing group – which provides delivery and financial services among its offerings – shows how turbulent the sector for new offerings can be. The world of initial public offerings – important liquidity events that wealth managers track – has taken a further twist around the drama of Chinese ride-hailing group Didi Global , which is seeking to delist from New York. A report by Reuters on 29 December 2021, quoting unnamed sources, said that Didi plans to…

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