Didi stock

didi stock

What happened to Didi Global’s stock?

After Didi Global (NYSE: DIDI) announced that it would delist its stock from the NYSE and move its shares to the Hong Kong Stock Exchange, the outlook remains dreadful.

Should you buy Didi stock before it goes public in Hong Kong?

Companies listed on the Hong Kong Stock Exchange typically have to prove that they are profitable before holding an IPO. As Didi remains unprofitable, its listing in Hong Kong is not guaranteed. Didi stock debuted at $14 on the New York Stock Exchange. Since then, it has been on a bumpy ride. Shares are down 56% since that debut.

Is Dididi stock a buy below its IPO price?

DiDis stock looks cheap, but its trading nearly 50% below its IPO price for obvious reasons. It could briefly rally if it relaunches its apps in China, but that euphoria will quickly fade as investors focus on its market share losses, rising expenses, new restrictions, and a potential delisting instead.

Why is Dididi leaving the New York Stock Exchange?

DiDi is leaving the New York Stock Exchange less than six months after its IPO. The ride-hailing company plans to relist its shares in Hong Kong. This shift could cause big headaches for U.S. investors.

Why did Didi global stock fall 19% on Tuesday?

Shares of DiDi Global ( NYSE:DIDI) fell 19.5% on Tuesday after the Chinese government announced that the ride-hailing company would need to cease new user registrations while regulators conducted a cybersecurity review of its popular app. The news came late on Friday ahead of the holiday weekend.

What happened to Dididi global?

DiDi Global is dealing with tons of negative news, from getting delisted from the NYSE to a cybersecurity probe DiDi Global Inc. (NYSE: DIDI) “the world’s leading mobility technology platform ” has faced a tough time over the past 3-month period with losses of nearly 50%.

What does did Didi Global’s IPO tell us about Wall Street?

A quick reminder of Didi Global’s initial public offering (IPO) will demonstrate what I often call irrational exuberance in Wall Street. Shares of DiDi Global made their trading debut in the summer of 2021 on the U.S. stock market. It was valued at $62 billion in the private markets.

Why is Dididi leaving the New York Stock Exchange?

DiDi is leaving the New York Stock Exchange less than six months after its IPO. The ride-hailing company plans to relist its shares in Hong Kong. This shift could cause big headaches for U.S. investors.

Should you buy Didi stock below its IPO price?

By the time DiDis apps return to Chinas app stores, many of its drivers and passengers will have likely strayed to other platforms. DiDis stock looks cheap, but its trading nearly 50% below its IPO price for obvious reasons.

Is Dididi global stock a buy at $8?

DiDi Global ( DIDI -4.58%), Chinas largest ride hailing company, went public five months ago at $14 per share. Today, it trades at less than $8.

Who will profit from Dididis IPO?

DiDi filed for its IPO on June 10 and expects to start trading sometime in July. The underwriters for the transaction are Goldman Sachs, Morgan Stanley, and J.P. Morgan. DiDi investors that stand to profit from a successful IPO include Tencent, Alibaba, and SoftBank.

Is Didi profitable?

DiDi has granted the underwriters an option to buy an additional 43.2 million shares at the IPO price. DiDi isn’t profitable. DiDi has incurred net losses each fiscal year since its inception. In 2020, the company reported a net loss of $1.6 billion on revenue of $21.6 billion.

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