Sources: ridesharing giant Didi gave Chinese regulators the impression it would pause its IPO, as it told bankers in New York it had a green light from Beijing
Goldman, Morgan Stanley and JP Morgan—have faced investor anger over why they didn't see this coming. Japan's SoftBank, a big financial backer, was surprised to see Didi move so quickly, and left in the dark about Beijing pushback. https://www.wsj.com/... Jonathan Cheng / @jchengwsj : @jingyanghk @QiZHAI One person said Didi hasn't handed anything sensitive to U.S. regulators. Chinese officials, however, argue that they decide what is sensitive. Beijing's suggestion that Didi delay its IPO left it having to decide to comply with U.S. or Chinese priorities. https://www.wsj.com/... Jonathan Cheng / @jchengwsj : Another day, another @WSJ front on Beijing's extraordinary regulatory campaign against its homegrown technology giants. For Saturday editions: “Didi Tried Balancing Pressure From China and Investors. It Satisfied Neither.” @jingyanghk @QiZHAI @cdriebusch https://www.wsj.com/... https://twitter.com/... Jonathan Cheng / @jchengwsj : @jingyanghk @QiZHAI The roadshow, which consisted of round-the-clock virtual meetings because of time differences, lasted just three business days. A typical 2021 roadshow lasted 8½ days. @jingyanghk @QiZHAI @cdriebusch https://www.wsj.com/...
@jingyanghk @QiZHAI @cdriebusch @maureenmfarrell Didi's IPO bankers—Goldman, Morgan Stanley and JP Morgan—have faced investor anger over why they didn't see this coming. Japan's SoftBank, a big financial backer, was surprised to see Didi move so quickly, and left in the dark abou…
@jingyanghk @QiZHAI One person said Didi hasn't handed anything sensitive to U.S. regulators. Chinese officials, however, argue that they decide what is sensitive. Beijing's suggestion that Didi delay its IPO left it having to decide to comply with U.S. or Chinese priorities. htt…
Another day, another @WSJ front on Beijing's extraordinary regulatory campaign against its homegrown technology giants. For Saturday editions: “Didi Tried Balancing Pressure From China and Investors. It Satisfied Neither.” @jingyanghk @QiZHAI @cdriebusch https://www.wsj.com/... h…
@jingyanghk @QiZHAI The roadshow, which consisted of round-the-clock virtual meetings because of time differences, lasted just three business days. A typical 2021 roadshow lasted 8½ days. @jingyanghk @QiZHAI @cdriebusch https://www.wsj.com/...