Home  Contact Us
  Follow Us On:
Advertising Advertising Free Newsletter Free E-Newsletter

Didi to delist from the New York Stock Exchange and plans Hong Kong IPO
Published on: 2021-12-03
Share to
User Rating: / 0

Chinese ride-hailing giant Didi Global, which was listed in New York in late June but triggered a cybersecurity probe two days later, said Friday that it would start the process to delist from the New York Stock Exchange and prepare for a Hong Kong initial public offering.

“After careful study, the company will start the work of delisting from NYSE and initiate preparation for listing in Hong Kong with immediate effect,” it said on its official Weibo account.

Shares of Didi slightly declined by 0.31 per cent to US$7.8 on Thursday, nearly half its IPO price of US$14.

Didi’s delisting decision comes as the Securities and Exchange Commission adopted final amendments to its rules implementing the Holding Foreign Companies Accountable Act of 2020. The act requires foreign companies listed in the US to declare they are not owned or controlled by a foreign government and to have been available for inspection by the Public Company Accounting Oversight Board within the last three years.





Comments (0)Add Comment

Write comment

security code
Write the displayed characters

    Subscription    |     Advertising    |     Contact Us    |
Address: Magnetic Plaza, Building A4, 6th Floor, Binshui Xi Dao.
Nankai District. 300381 TIANJIN. PR CHINA
Tel: +86 22 23917700
E-mail: webmaster@businesstianjin.com
Copyright 2022 BusinessTianjin.com. All rights reserved.