On June 7, according to sources, Didi has given up its IPO plan in Hong Kong and finally chose to list in the US capital market. If there is no accident, Didi will IPO in the third quarter of this year as soon as possible and no later than this year. This statement has also been confirmed by another friend in the capital field. The other side disclosed that considering the changes in the external macro environment, China capital stock may face greater pressure in the US market. Didi’s management once prepared to IPO in Hong Kong, but finally decided to list in the US due to valuation and other considerations. The valuation of IPOs in Hong Kong is up to $80 billion, lower than at least $100 billion in the United States. If we choose Hong Kong IPO, didi not only needs to persuade investors to accept its business model, but also needs time to prove it. Since Uber and LYFT have been listed in the US market, Didi no longer needs to explain its business logic to investors, so it is easier to give didi a higher valuation.
Post time: Jun-09-2021