Didi turning to Hong Kong for mega IPO


Source: thestandard.com.hk thestandard.com.hk

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China's top ride-hailing firm Didi Chuxing is considering Hong Kong for a multibillion-dollar initial public offering next year, rethinking previous aims to list in New York amid rising Sino-US tensions. All three said Didi has now opted to consider Hong Kong for the listing amid deteriorating US-China relations that have left tech firms like TikTok owner ByteDance in the crosshairs. The new timetable for the IPO and the private fundraising round ahead of the planned IPO have not been reported before. However, Didi commented in an email to CGTN that "Didi does not have any definite IPO plan and we...