Didi To Leave US Stock Market, List In Hong Kong

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In the morning of December 3, 2021, the Chinese ride-hailing business, DiDi Global Inc (NYSE: DIDI), made this surprise announcement.

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Didi To Leave United States Stock Market
Didi Chuxing has actually experienced a turbulent five-month post-IPO duration. According to the businesss announcement, it is planning to delist from the United States market and go public once again, in Hong Kong.
Since it was and experienced regulatory crackdowns delisted from app stores in China, Didis stock cost has actually plunged by 44.29% at USD 7.8 per share.
Law companies including Rosen, Labaton Sucharown and Schall gathered just recently and initiated a class match against Didi. They think the IPO of Didi provided misguiding info and impaired the advantage of investors.
Whether Didis effort to recover the Chinese federal governments approval is yet to be seen; nevertheless, it has certainly rendered its track record as untrustworthy in the United States market.
Article by Enoch Gao, EqualOcean, an investment research study firm focusing on China.
Updated on Dec 3, 2021, 1:02 pm

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