Why did Didi choose the US over Hong Kong for its IPO?

Source: Tech – South China Morning PostWhen China’s dominant ride-hailing company Didi Chuxing chose the New York Stock Exchange (NYSE) for its US$4.4 billion initial public offering, it followed a well-worn path for Chinese technology companies.The Beijing-based company chose New York over Hong Kong and Shanghai’s Nasdaq-style Star Market, opting to pursue an IPO in the American capital markets, the deepest and most liquid in the world.It is one of nearly three dozen Chinese firms that opted to debut in the US, raising an eye…Read More

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