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China listing frenzy in US set to be boosted by Didi IPO Ride-hailing giant Didi Chuxing s planned US$4 billion New York debut will supercharge Chinese listings in the United States on the back of an all-time high in the first half the year, despite political sparring between the two countries.
FILE PHOTO: A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/File Photo
25 Jun 2021 11:25AM Share this content
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HONG KONG: Ride-hailing giant Didi Chuxing s planned US$4 billion New York debut will supercharge Chinese listings in the United States on the back of an all-time high in the first half the year, despite political sparring between the two countries.
Ride-hailing giant Didi Chuxing's planned $4 billion New York debut will supercharge Chinese listings in the United States on the back of an all-time high in the first half the year, despite political sparring between the two countries.
Didi Chuxing s mega IPO to boost China listing frenzy in the US dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
After best-ever start to a year, $49 billion Asia IPO boom likely to taper off
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Last Updated: Apr 04, 2021, 10:04 AM IST
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Synopsis
Asian companies, like their global peers, notched their best first quarter for listings ever, thanks to a flood of liquidity during the pandemic, super-low interest rates, and rallying stock markets.
Now, a global rotation out of highly-valued tech and health-care stocks that have dominated market activity.
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By Julia Fioretti
As in the U.S., initial public offering activity out of Asia has had its strongest-ever start to a year. That frenzy for new shares is likely to taper off as demand falls back to earth in the next few months.