Analysis-Didi’s New York exit a further blow to Chinese listings in U.S.

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Reuters

By Scott Murdoch and Sayantani Ghosh HONG KONG/SINGAPORE (Reuters) – 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. Two days after Didi’s $4.4 billion initial public offeri…

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