00:00It gives you a good idea of what's going on and what's not. Didi estimates that it will raise over 4 billion dollars. It is priced at the top end of the range, and it is likely to increase the size of the share sales as well. This is a clear sign of strong demand for the offering, despite the overhang in the market and the investor resistance it faced when trying to get the valuation it was seeking. It is expected to raise approximately one point eight billion dollars, as you stated. It is the first U.S.-listed Chinese TV maker to return to Hong Kong. This will certainly help it to counter the fierce competition in China. All of them, however, are still loss-making. They've raised a lot of money in the past year. We know it is under an antitrust investigation. What will this impact on sentiment? So that's the overhang that's been hanging on most of China’s tech giants due to uncertainty about theregulatory outcomes. This might be one reason why the valuation was lowered from the 100 billion to 100 billion figure that was discussed a few months back. Despite this, investors are still investing in the offering. It hasn't stopped the offering completely.
