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Chinese officials propose delay for Didi’s US listing

The listing raised about $4.4bn, making it the biggest stock sale for a Chinese company since Alibaba’s IPO in 2014

Weeks before Didi Global Inc. went public in the US, China’s cybersecurity watchdog suggested the Chinese ride-hailing giant delay its initial public offering and urged it to conduct a thorough self-examination of its network security, according to people with knowledge of the matter.

But for Didi, waiting would be problematic. In the absence of an outright order to halt the IPO, it went ahead.

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