Didi to hire Goldman Sachs for Hong Kong listing and U.S. delisting

A Reuters report that cited sources has it that China’s Didi Global plans to hire Goldman Sachs for its planned Hong Kong listing and U.S. delisting.

Didi is preparing to withdraw from the New York exchange after debuting five months ago.

Didi is under pressure from China to quit the New York Stock Exchange.

Beijing alleged Didi ran foul of Chinese authorities by pushing ahead with its IPO despite being asked to put it on hold while a review of its data practices was conducted.

The report added that Didi was also in talks with other investment banks including some Chinese banks.

Goldman was one of the main underwriters of Didi’s New York IPO, along with Morgan Stanley and JPMorgan.


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