The SIC, also called the Global Market, allows investors in Mexico to access the shares of companies listed in other countries without the need to have accounts in other markets.
Didi was one of this year’s great debutants on the New York Stock Exchange. In its Initial Public Offering, held in June, the company raised $ 4 billion, the highest amount raised by a Chinese company in the United States since Alibaba’s IPO in 2014.
Since its IPO to date, the price of the company’s shares has accumulated a 46% drop. In the SIC, companies are listed at the same price, and have the same movement, as in their home market. In the case of Didi, its price is around 157 pesos per share.
In a statement, the BMV indicated that with the arrival of Didi to the SIC, so far in 2021 there have been 265 listed securities, among which are Bumble, Marriot, Epson, Wish and Petco. With which in total 2,890 securities are listed (1,572 shares and 1,318 ETFs) with 72,028 million dollars of assets under custody.
DiDi was founded in China in 2012 by Will Wei Cheng, its current CEO, and Jean Qing Liu, its current president, and its main shareholders are SoftBank, Uber and Tencent.
“The company reached the Mexican market in 2018 with the aim of transforming mobility in the country and strengthening the offer of this type of application. Today it already operates in 33 cities in Mexico with different products such as DiDi Food ”, indicated the BMV.