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

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

A screen displays trading information for ride-hailing giant Didi Global on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 3, 2021. REUTERS/Brendan McDermid

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HONG KONG, Dec 6 (Reuters) – Ride-hailing giant Didi Global’s (DIDI.N) move to withdraw from the New York stock exchange has put a spotlight on other U.S.-listed Chinese firms and whether more will jump ship to Hong Kong and elsewhere.

Didi’s plan to withdraw may create an even deeper chill after this year’s drop-off in Chinese firms’ listings in the world’s most liquid market, bankers and advisers have said. read more

Here’s a FACTBOX on Chinese companies’ U.S. IPOs and their secondary listings in recent years.

U.S. LISTINGS BY CHINESE FIRMS

As a result of Beijing’s unprecedented regulatory crackdown on sectors including technology and private education, listings by Chinese companies in New York have tapered off in the second half of 2021 to their lowest level since the first half of 2017.

YEARFIRST HALFSECOND HALF
2021$12.74 billion$355 million*
2020$2.82 billion$10.85 billion
2019$1.49 billion$2.04 billion
2018$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 FIRMS

To date, secondary listings in China and Hong Kong by U.S.-listed Chinese firms totalled $15.25 billion, according to Refinitiv data, higher than the last two years.

Here are the top six secondary listings undertaken by Chinese companies that have berths in the United States over the last three years:

DATECOMPANYDEAL SIZEEXCHANGE
Nov 2019Alibaba (9988.HK)$12.93 billionHong Kong
June 2020JD.com (9618.HK)$4.46 billionHong Kong
Nov 2021BeiGene (6160.HK)$3.33 billionSTAR Market
June 2020NetEase (9999.HK)$3.12 billionHong Kong
March 2021Baidu (9888.HK)$3.08 billionHong Kong
March 2021Bilibili (9626.HK)$2.99 billionHong Kong

(Source: Dealogic, Refinitiv)Reporting by Scott Murdoch and Nikhil Kurian Nainan; Editing by Sumeet Chatterjee and Emelia Sithole-Matarise

Our Standards: The Thomson Reuters Trust Principles.

This article was originally published by Reuters.


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