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Thursday, July 1, 2021

China's Didi to be added to FTSE's equity indexes on July 8 - Reuters

asianpostmedia.blogspot.com

SHANGHAI, July 1 (Reuters) - Didi Global Inc (DIDI.N) will be added to FTSE Russell's global equity indexes on July 8 in an expedited entry following Wednesday's U.S. stock market debut of the Chinese ride-hailing company, the index publisher said.

Didi shares will be included in the FTSE All-World Index, the FTSE Global Large Cap Index, and the FTSE Emerging Index, FTSE Russell said in a statement on its website.

The announcement came as Didi, backed by Japan's SoftBank Group Corp (9984.T), rose slightly on its U.S. debut, valuing it at $68.49 billion, in the biggest U.S. listing by a Chinese company since 2014.

Didi is also backed by technology companies Alibaba (9988.HK), Tencent (0700.HK) and Uber (UBER.N).

Reporting by Samuel Shen and Andrew Galbraith; Editing by Muralikumar Anantharaman

Our Standards: The Thomson Reuters Trust Principles.

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