Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg
Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg
Zhou Xin
Opinion

Opinion

Zhou Xin

Didi won’t be last IPO to pursue New York listing, but China’s cybersecurity review closes loopholes

  • China’s tech firms with more than 1 million users must undergo a cybersecurity review before being allowed to list on foreign exchanges
  • Didi Chuxing had pulled in US$4.4 billion with its New York IPO, but just two days after, its stock price was sent crashing as Beijing announced a cybersecurity review

Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg
Didi Chuxing raised US$4.4 billion with its New York initial public offering (IPO) New York at the end of last month. Photo: Bloomberg
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