Didi’s New York Exit a Further Blow to Chinese Listings in US: Bankers and Advisers

Didi’s New York Exit a Further Blow to Chinese Listings in US: Bankers and Advisers
The app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the company logo, picture taken on July 1, 2021. Florence Lo/Illustration/Reuters
Reuters
Updated:

HONG KONG/SINGAPORE—Ride-hailing giant Didi Global’s plan to withdraw from the New York stock exchange may create an even deeper chill after this year’s drop-off in Chinese firms’ listings in the world’s most liquid market, bankers and advisers said.

Chinese listings in the United States have fallen sharply since Didi debuted in New York on June 30—defying regulators’ wishes to pause the listing—due mainly to concerns about an unprecedented regulatory crackdown on technology companies.