In fact, why do many companies want to go public in the United States? This is mainly because when it comes to capital transfer when listed in the United States, the restrictions are not so great. If you open a listed company in China and there is a large amount of capital outflow, you can see if you are allowed to outflow. Once the funds outflow, not only will there be It has had a great impact on our country, and at the same time it is equivalent to supporting other places.

In fact, it is not just our domestic company Didi that wants to be listed in the United States, but the vast majority of large companies want to be listed in the United States. Among them, the ones we are familiar with, Alibaba, JD.com, Baidu Vipshop, Ctrip, SouFun, ZTO Express, Sina, etc., have all been listed in the United States.

There are four main reasons why these companies choose to be listed in the United States:

1. Convenient asset transfer: In my opinion, many large companies are listed in the United States. One of the biggest reasons is that it is more convenient to transfer assets, because these people tend to immigrate to the United States, or the investors behind them have American backgrounds. Therefore, we want them to directly log in to the U.S. stock market for listing, and another advantage is that it is more convenient to transfer assets.

2. It is difficult for us to go public in China, and it takes too long. We have to queue up for the IPO and go through the procedures, which takes too much time.

3. The corporate credit of a listed company will be improved to a higher level, so it will be easier to borrow from banks in the future.

4. Didi Group’s major shareholders, SoftBank Group and Uber Group, are all large American companies. The founders of Didi Group and Tencent only hold a small share of the shares, so there is nothing wrong with going public in the United States. The U.S. stock market is the largest in the world. If you go public in the U.S., your company's market value will grow even more and you will get more funds.

But you said Didi has been listed for so long, and It is also a listed company. Does he still need to mention the second reason? The first reason is basically negligible to him, so why did he still choose to list in the United States? I think the reason is only number 1.

To be honest, Didi has no choice but to go public in the United States. On the one hand, it is very difficult for companies like Didi to be listed on the domestic market. Although the management has become more enlightened on the issue of whether listed companies are profitable, they do not need to have high profits. But a company like Didi that suffers huge losses and has high risks will still not be easily approved for listing;

On the other hand, Didi’s rapid development relies on the pursuit of capital, which is the so-called Venture capital is made with money. The purpose of this capital is to bet on Didi’s listing. If Didi has difficulty listing in China, capital will be hit hard. Obviously, Didi didn’t want to do this. To a certain extent, there may be a listing commitment and a gambling agreement. Naturally, they will choose to go public abroad.

It’s just that Didi has massive user resources. Once leaked, it will cause great risks. Therefore, just a few days after Didi was listed in the United States, the Cyberspace Administration of China asked Didi to remove the relevant APP. This was a big blow to Didi. Therefore, it is normal for the stock price to plummet.

Faced with the strict review procedures in China and the high threshold that needs to be overcome to go public, Didi knew that listing in China was obviously no less than a success. Moreover, Didi’s performance in China was notorious, and its financial statements were generally It is a loss, at least it is difficult to meet the minimum requirements of making profits for more than three years before being listed on A-shares. Obviously, China sets high thresholds for listed companies and has its own starting point, which is to try its best to protect the hard-earned money of the people at the bottom.

In this context, Didi did not reflect and make corrections. Instead, in order to achieve the purpose of corporate expansion, it was eager for success and made mistakes again and again. It aimed at the low-bar listing conditions in the United States and put it into practice. in action. According to the request of the United States, all the information was submitted to the United States for review and listing. The result was that the product was shot in the foot, and the outcome was of course self-inflicted. It is rumored that many of Didi’s shareholders are foreigners. This is one of the reasons why Didi is competing to be listed in the United States and has successfully become a listed company in the United States.