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Factbox-U.S.-listed Chinese firms with secondary listings at home and Hong Kong -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A display showing trading information for Didi Global, a ride-hailing company, on the New York Stock Exchange floor in New York City (USA), December 3, 2021. REUTERS/Brendan McDermid

HONG KONG, (Reuters) – Didi Global’s withdrawal from New York Stock Exchange has brought attention to other U.S. listed Chinese companies and whether others will follow suit in Hong Kong or elsewhere.

Didi’s plans to pull out may make it more difficult for Chinese companies to list on the most liquid global market. This is according advisers and banks.

Below is a FACTBOX that provides information on U.S. companies’ IPOs in China and secondary listings since recent years.

U.S. U.S.

Due to Beijing’s unimaginable regulatory crackdown in certain sectors, including private education and technology, listing by Chinese companies have slowed in New York in the second half 2021 down to the lowest point since 2017.

YEAR FIRST HALF SECOND

2021 $12.74 billion $355 million*

2020 $1.82 trillion $10.85 Billio

2019 $2.04 Billions $1.49 Mr.

2019 $4.12 Billion $5.06 Billion

2017 $311 million $3.50 billion

2016 $336 million $1.86 billion

*2021 second half data up to Dec. 2

(Source: Dealogic)

SECONDARY LISTINGS BY U.S.-LISTED CHINESE FIIRMS

According to Refinitiv data and higher than in the previous two years, U.S-listed Chinese companies have listed secondary Chinese listings in China or Hong Kong.

These are six top secondary listings that Chinese companies have made in the United States during the past three years.

DATE COMPANY DEAL SIZE CHANGE

Nov 2019 Alibaba Hong Kong: (NYSE:) $12.93 trillion

June 2020 JD (NASDAQ:).com $4.46 billion Hong Kong

Nov 2021 BeiGene (NASDAQ:) 3.33 Billion STAR Market

June 2020 NetEase (NASDAQ:) $3.12 billion Hong Kong

March 2021 Baidu (NASDAQ:) $3.08 billion Hong Kong

March 2021 Bilibili (NASDAQ:) $2.99 billion Hong Kong

(Source: Dealogic, Refinitiv)

 

 

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