Analysis: Didi’s New York exit a further blow to Chinese IPOs in the US

Analysis: Didi’s New York exit a further blow to Chinese IPOs in the US

HONG KONG / SINGAPORE, December 3 (Reuters) – Ride-hilling giant Didi Global (DIDI.N)’s plan to withdraw from the New York Stock Exchange could create an even deeper chill after this year’s fall in Chinese companies’ IPOs worldwide most liquid market, said bankers and advisers. Chinese IPOs in the US have fallen sharply since Didi debuted … Read more

Alibaba threatens bigger than Beijing in Weibo IPO

HONG KONG, DECEMBER 3 (Reuters Breakingviews) – China’s most censored internet company has bigger concerns than Beijing. Weibo (WB.O), the country‚Äôs response to Twitter, is a frequent target for regulatory intervention thanks to its influence over public opinion. Leaders have mostly handled it with awareness. The company’s relationship with Alibaba (9988.HK) is a worse thorn … Read more

Reaction to Didi Global’s plans to delist from New York

December 3 (Reuters) – The following are reactions to ride-high giant Didi Global (DIDI.N)’s decision to delist from the New York Stock Exchange and pursue a listing in Hong Kong, after succumbing to pressure from Chinese regulators who are concerned about data security. Didi encountered Chinese authorities pushing ahead with its 4.4 billion US IPO … Read more

Didi Global will begin work on delisting from New York to continue its listing in Hong Kong

A sign of the Chinese driving service Didi is seen at its headquarters in Beijing, China July 5, 2021. REUTERS / Tingshu Wang Sign up now for FREE unlimited access to reuters.com Sign up SHANGHAI, December 3 (Reuters) – Chinese equestrian giant Didi Global (DIDI.N) will delist from the New York Stock Exchange and pursue … Read more

Southeast Asia’s Grab setbacks in US debut after record Spac deal

Grab listed Thursday after $ 40 billion. agreement with Altimeter Debut marks the largest listing in the United States of a Southeast Asian company Early backers SoftBank, Didi set for payday bonanza The bell ceremony takes place in Singapore SINGAPORE, December 2 (Reuters) – Shares in Grab, Southeast Asia’s largest travel and delivery company, fell … Read more

EXCLUSIVE Russian developer Samolet aims for listing in New York in 2023

A street sign, Wall Street, was seen outside the New York Stock Exchange (NYSE) in New York City, New York, USA, January 3, 2019. REUTERS / Shannon Stapleton // File image Sign up now for FREE unlimited access to reuters.com Sign up MOSCOW, NOVEMBER 29 (Reuters) – Developer Samolet Group, listed in Moscow, is planning … Read more

China asks Didi to delist from US due to security fears – Bloomberg News

SHANGHAI, Nov. 26 (Reuters) – Chinese regulators have asked top executives of ride-highiling giant Didi Global Inc (DIDI.N) to devise a plan to delist from US stock markets for fear of data security, Bloomberg News reported. China’s tech watchdog wants management to remove the company from the New York Stock Exchange due to concerns about … Read more

China’s regulator seeks to avoid US delistings of Chinese companies

A Chinese national flag waves outside the China Securities Regulatory Commission (CSRC) building on Financial Street in Beijing, China on July 9, 2021. REUTERS / Tingshu Wang Sign up now for FREE unlimited access to reuters.com Sign up HONG KONG, NOVEMBER 25 (Reuters) – Chinese authorities are working with US counterparts to prevent Chinese companies … Read more

Shell rejects the Dutch, moves to London in stock structure review

The Royal Dutch Shells logo is depicted during a launch event for a hydrogen electrolysis plant at the Shells Rhineland refinery in Wesseling near Cologne, Germany, on July 2, 2021. REUTERS / Thilo Schmuelgen Shell says new structure to speed up payouts The Dutch court ordered Shell to speed up the energy shift ‘Royal Dutch’ … Read more

China’s regulator proposes cybersecurity review for some Hong Kong IPOs

A woman takes pictures in front of high-rise buildings in the central financial district after sunset in Hong Kong, China March 30, 2021. REUTERS / Lam Yik BEIJING, Nov. 14 (Reuters) – China’s cyberspace regulator on Sunday suggested companies pursuing stock quotes in Hong Kong should apply for cybersecurity inspections if they handle national security … Read more