Food and oil scarcity means tougher times ahead eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.
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BOSTON (Reuters) - A bevy of Wall Street executives, bankers and fund managers are abandoning New York for Florida, embracing the Sunshine State over metropolitan New York as the coronavirus pandemic has eliminated many benefits of working from a global financial hub.
FILE PHOTO: People sit at Il Giardino restaurant as restaurants reopen with restrictions to limit the spread of the coronavirus disease (COVID-19) on Ocean Drive on South Beach in Miami, Florida, U.S. on May 27, 2020. REUTERS/Zachary Fagenson
Since legions of finance industry employees began working from home in March, Florida’s warm weather, low taxes, affordable space and quick, easy flights back to New York, when needed, have elevated its status.
Didi has also discussed the option of listing via a special-purpose acquisition company
Updated 24 March 2021
March 24, 2021 07:29
HONG KONG: China’s top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering IPO), eyeing a valuation of at least $100 billion via the float, two people with direct knowledge of the matter told Reuters.
Didi has also discussed the option of listing via a special-purpose acquisition company (SPAC), multiple people said, referring to a blank-check firm with capital raised in a US IPO that would then merge with a target. But they said the SPAC option was seen by Didi as less viable given its valuation target.
Wall Street Exiles Flee to South Florida s Warm Weather, Low Taxes 1490wosh.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 1490wosh.com Daily Mail and Mail on Sunday newspapers.