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By Kane Wu
HONG KONG (Reuters) – Didi World mentioned on Friday it should delist from the New York inventory alternate and pursue an inventory in Hong Kong, the newest improvement after it ran afoul of Chinese language regulators by pushing forward with its $4.4 billion U.S. IPO in July.
Didi’s choice to delist within the U.S. comes as a deepening regulatory crackdown wiped billions of {dollars} off the ride-hailing big’s valuation. [
Following are key events since Didi publicly announced its intention to list in the United States:
June 11 – Beijing-based Didi makes public the filing for its U.S. listing, setting the stage for what is expected to be the world’s biggest initial public offering of 2021.
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