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Goldman CEO Solomon says China’s tech crackdown will delay many U.S. listings

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David Solomon, chief executive officer of Goldman Sachs & Co., speaks during a Bloomberg Television interview at the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019.

Patrick T. Fallon | Bloomberg | Getty Images

Goldman Sachs CEO David Solomon said that China’s recent moves boosting oversight of its technology industry surprised him and will likely delay “a large number” of companies from listing shares in the U.S.

Last week, shares of riding hailing giant Didi Chuxing plunged after China declared that new users couldn’t download the app amid a cybersecurity review. Didi had been advised by Chinese regulators to postpone its U.S. listing, but…



Source cnbc.com

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