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Didi is considering deploying China and going private to reward investors

Hong Kong — Ride Hailing giant Didi is considering soothing Chinese authorities and keeping investors private for losses incurred since listing in the U.S. in late June There is.

Headquartered in Beijing, the company worked with bankers, regulators and key investors on how it could solve some of the problems that occurred after Didi went public on the New York Stock Exchange on June 30. We are discussing. They added that private take transactions involving a tender offer for listed shares are one of the preliminary options under consideration.

Didi raised about $ 4.4 billion in an initial public offering after selling American Depositary Receipts for $ 14 per share. This is the largest share sale by a Chinese company since Alibaba Group Holding Ltd’s blockbuster in 2014.

Its stock temporarily exceeded $ 18 on the first day of trading before China’s Cyberspace Administration surprised investors and companies on July 2. Launching the data security probe Enter Diddy and prevent the Chinese business from adding new users. Two days later, cybersecurity regulators told the app store operator: take down The company’s popular Chinese mobile app.

The crackdown worsened on July 9, and 25 Didi apps, including those used by drivers, were ordered to be removed from the app store, which could disrupt the company’s operations.China will also be in early July Tighten the rules Companies that sell stock overseas are dissatisfied with the recent listing by Diddy and others.

Didi is considering deploying China and going private to reward investors

Source link Didi is considering deploying China and going private to reward investors

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