Didi Global Inc. To List On Hong Kong Stock Exchange According To Reports
Portfolio Pulse from Daniel Harrison
China's largest ride-hailing company, Didi Global Inc., plans to list on the Hong Kong Stock Exchange after being delisted from the New York Stock Exchange last year due to regulatory fines. The company's OTC markets listing is 80% lower than its June 2021 debut price. The planned Hong Kong listing could boost the flagging IPO market. Didi's major investors include Softbank Group Corp.
October 13, 2023 | 2:33 pm
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POSITIVE IMPACT
Didi Global Inc. plans to list on the Hong Kong Stock Exchange, which could potentially boost its stock price.
Didi's planned listing on the Hong Kong Stock Exchange could attract new investors and potentially boost its stock price, which is currently 80% lower than its June 2021 debut price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Softbank Group Corp., a major investor in Didi Global Inc., could potentially benefit from Didi's planned listing on the Hong Kong Stock Exchange.
As a major investor in Didi, Softbank could potentially see a return on its investment if Didi's planned listing on the Hong Kong Stock Exchange boosts its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Alibaba Group Holdings Limited's Cainiao Network Technology Limited spin-off is the only major IPO in the pipeline this year for the Hong Kong Stock Exchange.
Alibaba's Cainiao Network Technology Limited spin-off is the only major IPO in the pipeline this year for the Hong Kong Stock Exchange, which could potentially impact the company's stock price.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Lyft Inc., a competitor of Didi Global Inc., could potentially be impacted by Didi's planned listing on the Hong Kong Stock Exchange.
As a competitor of Didi, Lyft could potentially be impacted by any changes in Didi's market position following its planned listing on the Hong Kong Stock Exchange.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Uber Technologies Inc., a competitor of Didi Global Inc., could potentially be impacted by Didi's planned listing on the Hong Kong Stock Exchange.
As a competitor of Didi, Uber could potentially be impacted by any changes in Didi's market position following its planned listing on the Hong Kong Stock Exchange.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50