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China Ride-Hailing Giant Didi Under Investigation by United States SEC over $4.4 Billion IPO in June 2021, Share Price Declined 86% from IPO
6th May 2022 | Hong Kong
China ride-hailing giant Didi Global (NYSE:DIDI) is under investigation by the United States Securities Exchange Commission (SEC) over its $4.4 billion IPO in June 2021. Following scrutiny by Chinese authorities over Didi Global IPO in United States and data privacy concerns, Didi announced in December 2021 of plans to delist from New York Stock Exchange (NYSE), and with plans to list in Hong Kong. Didi IPO price was $14.00 (June 2021), and is trading at $1.94 (5/5/22), down 86% from IPO price. Didi market capitalisation at IPO was $68 billion, and at $1.94 (5/5/22), the market value has shrank to $9.41 billion.
“ China Ride-Hailing Giant Didi Under Investigation by United States SEC over $4.4 Billion IPO in June 2021, Share Price Declined 86% from IPO “
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China Ride-Hailing Giant Didi Under Investigation by United States SEC over $4.4 Billion IPO in June 2021, Share Price Declined 86% from IPO
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