China Asks Didi to Delist From U.S. On Security Fears. Unprecedented request likely to revive fears about Beijing's intentions for tech industry. Chinese regulators have asked Didi Global Inc.’s top executives to devise a plan to delist.

The Cyberspace Administration of China has directed Didi to work out precise details. Proposals under consideration include a straight-up privatization or a share float in Hong Kong. If the privatization proceeds, the proposal will likely be at least the $14 IPO price.

If there is a secondary listing in Hong Kong, the IPO price would probably be a discount to the share price in the U.S. SoftBank Group Corp., Didi’s biggest minority shareholder, slid more than 5% in Tokyo. Deliberations continue and it's possible regulators will backtrack on their request.
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