• Banks are reportedly scrambling to move IPOs of Chinese companies from New York to Hong Kong after regulators cracked down on overseas listings

    7 days ago - By Business Insider

    Martin Puddy/Getty Images
    Regulators' harsh response to Didi's IPO has forced the 20 or so Chinese companies that had plans to go public in New York to re-evaluate, according to a Financial Times report .
    34 Chinese firms raised $12.4 billion in New York capital markets in the first half of this year, according to Dealogic data.
    Data-oriented companies have been most eager to plan for Hong Kong listings, in large part because the mainland government's crackdown has centered around data privacy.
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    Investment banks are...
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  • Didi falls on reports that China is planning heavy penalties for the ride-share giant following its US IPO

    7 days ago - By Business Insider

    A Didi logo is seen at the headquarters of Didi Chuxing in Beijing on November 20, 2020.
    REUTERS/Florence Lo/File Photo/File Photo
    Didi slipped on news that China is considering serious penalties for the firm following its US IPO.S
    Shares of Didi fell 7.3 % after the open on Thursday.
    Disciplinary measures could include forcing the company to delist or withdraw its US shares, Bloomberg reported.
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    Shares of Chinese ride-hailing giant Didi slipped on Thursday on news that regulators in China are considering serious...
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