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by viscanti 1784 days ago
Or Didi who had the nerve to IPO outside of China on the NYSE on a date the CCP thought was too close to a party anniversary.
1 comments

The Chinese central government was always really ambivalent about foreign IPOs. DiDi has too much control over domestic markets for the Chinese to be comfortable with foreign influence. I don't think it has anything to do with the anniversary.

Actually, the CCP never formally accepted the foreign stock ownership structure, for example. It was always a grey area.