WASHINGTON—American investors were steamrolled again by Beijing as the ride-hailing giant Didi Chuxing became the latest target of a clampdown by the communist regime just days after its debut on the New York Stock Exchange. A Chinese cybersecurity regulator on July 2 announced that it was conducting a review on Didi. The officials banned the ride-hailing platform from…
US Investors Ambushed By Beijing After Didi IPO
July 6, 2021
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Chinese Regime Forces Ride-Hailing Company To Suspend User Registrations After US IPO, Causing Stock to Fall
Just two days after the Chinese ride-hailing giant Didi Chuxing launched its U.S. initial public offering (IPO), the Chinese communist regime’s Cyberspace Administration started a security review on the company and suspended its registration of new users. The action caused Didi’s stock to fall on the New York Stock Exchange (NYSE). On July 2, the Cyberspace…
Chinese Ride-Hail Firm Didi Expected to Raise Billions In US Listing Amid Increased Scrutiny
WASHINGTON—Chinese companies are going public on U.S. stock exchanges at a record pace this year. China’s ride-hailing giant Didi Chuxing is the latest firm that’s poised to go public in New York, rebuffing an increased crackdown on U.S.-listed Chinese companies. Didi on June 10 filed a prospectus for its initial public offering (IPO), with a plan…
Chinese Companies Hold Record IPOs in US, Despite Tensions
News Analysis Despite ongoing political tensions between the United States and China, the world’s two biggest economies are becoming increasingly intertwined financially, especially on the IPO front. Even as U.S. Congress begins to tighten the reins on Chinese companies listed on U.S. stock exchanges, Chinese companies continue to seek American capital. Firms based in China…
Chinese Companies Hold Record IPOs in US, Amid Tensions
News Analysis Amid ongoing political tensions between the United States and China, the world’s two biggest economies are becoming increasingly intertwined financially, especially on the IPO front. Even as the U.S. Congress begins to tighten the reins on Chinese companies listed on U.S. stock exchanges, Chinese companies continue to seek American capital. Firms based in…
Foreign Investors Left in the Dark After Ant Group’s Scuttled IPO
News Analysis Early investors in China’s fintech giant Ant Group thought they were in line for a massive pay day, until that all evaporated within days as Ant’s much-anticipated IPO last year was suddenly scuttled by Chinese regulators. Venture capital and private equity firms such as Silver Lake and Carlyle Group believed they had a…
Ant Group’s Scuttled IPO Leaves Foreign Investors in the Dark
News Analysis Early investors in China’s fintech giant Ant Group thought they were in line for a massive payday, that is, until Ant’s highly anticipated initial public offering last year was suddenly scuttled by Chinese regulators. Venture capital and private equity firms such as Silver Lake and Carlyle Group believed they had a winner in…
Tech-Driven Banner Year for Stocks in 2020 Masks Pain for Smaller Companies
Despite the COVID-19 pandemic, U.S. stocks ended 2020 at record highs thanks to their heavy weighting toward technology, but Canadian stocks—with higher weightings toward banks and energy—lagged well behind.
Sina’s US Stock Market Departure Could Herald a Wave of Chinese Delistings
News Analysis Chinese internet firm Sina Corp. agreed to go private and delist from Nasdaq, twenty years after its landmark U.S. IPO that led to a wave of Chinese companies listing their shares in the United States. Sina’s decision was crystallized after an entity led by its chairman Charles Chao sweetened the acquisition offer to…
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