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

Musk exercises several options, selling Tesla shares worth $ 1.01 billion

Tesla CEO Elon Musk attends Tesla Shanghai Gigafactory’s groundbreaking ceremony in Shanghai, China on January 7, 2019. REUTERS / Aly Song / File Photo December 2 (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has sold an additional $ 934,091 shares in the electric car maker worth $ 1.01 billion to meet its tax obligations … 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 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

Modern CEO says vaccines are likely to be less effective against Omicron-FT

An employee demonstrates the Moderna COVID-19 vaccine at Northwell Health’s Long Island Jewish Valley Stream Hospital in New York, USA, December 21, 2020. REUTERS / Eduardo Munoz / File Photo Sign up now for FREE unlimited access to Sign up Drugmaker CEO warns of “significant drop” in vaccine effectiveness Mutations mean that existing vaccines … 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 Sign up MOSCOW, NOVEMBER 29 (Reuters) – Developer Samolet Group, listed in Moscow, is planning … Read more

Bill Ackman’s Pershing Square SPARC files for New York listing

Nov 26 (Reuters) – Pershing Square SPARC Holdings Ltd, the special-purpose acquisition company of billionaire investor Bill Ackman, applied Friday for a public offering of its warrants in the United States. The SPARC structure has been devised by Ackman and has never been tested on Wall Street before. The move comes months after the prolific … 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