China's Didi plans to hire Goldman for Hong Kong listing, U.S. delisting -sources
Information about China's Didi plans to hire Goldman for Hong Kong listing, U.S. delisting -sources
Kevin David Scam or Legit
By Julie Zhu
HONG KONG (Reuters) – China’s Didi Global plans to hire Goldman Sachs for its planned Hong Kong listing and U.S. delisting, said three sources with knowledge of the matter, as it moves to withdraw from the New York exchange after just five months.
Didi, which made its debut in New York on June 30 after raising $4.4 billion via an initial public offering (IPO), said last week that it plans to delist from the U.S. bourse and pursue a Hong Kong listing.
The company is under pressure from Beijing to quit the New York Stock Exchange after running foul of Chinese authorities by pushing ahead with its IPO despite being asked to put it on hold while a review of its data practices was conducted.