Chinese Ride-Hailing Giant Didi Boasts $14 Billion Value, One Year After NYSE Delisting
- Jump of almost 20% gives it market value of about $14 billion
- Investors expect eventual HK listing for the Chinese company
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A delisting from the US Big Board often marks the end of a company’s traction with big investors. For Didi Global Inc., the story couldn’t be more different.
One year after its exit from the New York Stock Exchange following Beijing’s tech crackdown, the Chinese ride-hailing giant boasts a market value around $14 billion as of Tuesday’s close. That’s larger than any other firm whose shares are primarily quoted over-the-counter in the US, and even puts it in the top 11% of NYSE-listed firms, when including American Depositary Receipts, data compiled by Bloomberg show.