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Didi Delays Hong Kong IPO: No Timeline Set Amid Investor Talks and Strong Revenue Growth

Didi has claimed that it currently has no schedule for its Hong Kong IPO, despite discussions with potential US investors. The company has been actively connecting with investors to provide regular updates on its business progress. Didi's revenue has grown by 14.9% year on year, signalling a return to normalcy for the ride-hailing giant.

Didi's robotaxi
Credit: TechNode/Shi Jiayi

Speculation has been circulating that the corporation was planning for an initial public offering (IPO) in Hong Kong, two years after being delisted from the NYSE. However, Didi's representatives have been meeting with possible US-based investors in recent months, including meetings and calls hosted by investment banks such as Morgan Stanley and Goldman Sachs.

Last October, Bloomberg reported that Didi intended to float its shares in Hong Kong in 2024, a year later than expected. However, The Information reports that the corporation has not set a clear timeframe for a future IPO.

Didi has been constantly speaking with investors to keep them up to date on its business success. Despite the difficulties it has encountered, Didi has demonstrated potential growth. In the January-March quarter, the company recorded a 14.9% year-on-year revenue rise, led by a 30.3% increase in total trips.

This marks a return to routine for Didi following its delisting from the US stock exchange and a thorough probe into its actions in China.

  • Didi has stated that it currently has no timeline for its IPO in Hong Kong, despite engaging with potential US-based investors.

  • The company has been actively communicating with investors to provide updates on its business progress.

  • Didi's revenue has shown growth, with a 14.9% year-on-year increase, indicating a return to normalcy for the ride-hailing giant.


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