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Didi’s Brief Foray US is Ending. What happens next?

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Didi said it aims to list on the Hong Kong Stock Exchange and ensure that its US custodial shares can be swapped into the Company’s “freely tradable shares on an exchange”. other internationally recognized securities exchanges,” according to a statement. The company is planning to file for a listing in Hong Kong around March, people with knowledge of the matter told Bloomberg News on Friday, requesting anonymity because the plans have not been made public. The whole process could take three to six months, said First Shanghai Securities analyst Linus Yip. However, it remains unclear whether Didi will be able to withdraw the campaign. Before the US IPO, the company considered a potential Hong Kong listing but abandoned the attempt after the city’s exchange, which introduced stricter requirements for companies seeking listings compared with its peers in New York, questioned Didi’s compliance with Chinese regulations. It does not have a license to operate in certain cities, and many of its drivers do not have a hukou, or hukou, for the cities in which they live, part of the city’s requirements for offers on-demand ride-hailing there, people with knowledge of the matter said in July.

https://www.washingtonpost.com/business/didis-brief-us-foray-is-ending-what-happens-next/2021/12/03/6f43d2d6-5425-11ec-83d2-d9dab0e23b7e_story.html?utm_source=rss&utm_medium=referral&utm_campaign=wp_business Didi’s Brief Foray US is Ending. What happens next?

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