A display shows buying and selling data for ride-hailing big Didi World on the ground of the New York Inventory Change (NYSE) in New York Metropolis, U.S., December 3, 2021. REUTERS/Brendan McDermid
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HONG KONG, Dec 6 (Reuters) – Journey-hailing big Didi World’s (DIDI.N) transfer to withdraw from the New York inventory trade has put a highlight on different U.S.-listed Chinese language corporations and whether or not extra will soar ship to Hong Kong and elsewhere.
Didi’s plan to withdraw might create an excellent deeper chill after this 12 months’s drop-off in Chinese language corporations’ listings on this planet’s most liquid market, bankers and advisers have mentioned. learn extra
This is a FACTBOX on Chinese language firms’ U.S. IPOs and their secondary listings in recent times.
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U.S. LISTINGS BY CHINESE FIRMS
On account of Beijing’s unprecedented regulatory crackdown on sectors together with know-how and personal schooling, listings by Chinese language firms in New York have tapered off within the second half of 2021 to their lowest degree for the reason that first half of 2017.
*2021 second half information as much as Dec. 2
(Supply: Dealogic)
SECONDARY LISTINGS BY U.S.-LISTED CHINESE FIRMS
So far, secondary listings in China and Hong Kong by U.S.-listed Chinese language corporations totalled $15.25 billion, in keeping with Refinitiv information, greater than the final two years.
Listed here are the highest six secondary listings undertaken by Chinese language firms which have berths in america over the past three years:
(Supply: Dealogic, Refinitiv)
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Reporting by Scott Murdoch and Nikhil Kurian Nainan; Enhancing by Sumeet Chatterjee and Emelia Sithole-Matarise
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