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Benzinga
Benzinga
Politics
Anusuya Lahiri

Here's How DiDi Looks To Hong Kong Listing

  • China's ride-hailing giant DiDi Global Inc (NYSE:DIDI) looks to 'listing by introduction' to gradually allow owners of Didi U.S. shares to transfer them to the city's bourse, Channel News Asia reports.
  • Now it can list shares in Hong Kong without raising capital or issuing new stock as it seeks to delist from New York.
  • Didi aims to file for the Hong Kong listing by April and list by June.
  • Didi is moving towards withdrawing from the U.S. under pressure from Beijing over pursuing its IPO despite a regulatory warning.
  • Didi has picked Goldman Sachs, China Merchants Bank International (CMBI), and China Construction Bank International (CCBI) to manage the Hong Kong listing process.
  • Price Action: DIDI shares traded lower by 1.86% at $5.28 in the premarket session on the last check Wednesday.
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