7/29, 11:42 AM (Source: TeleTrader)
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Didi considers delisting a month after IPO - report

Didi Global Inc. is thinking about going private again just a month after becoming public in the United States, according to a report published by The Wall Street Journal on Thursday.

The Chinese ride-hailing company wants to "placate" the Chinese government as well as to compensate investors for losses registered since it went public on June 30.

Shares of Didi plunged earlier this month after China banned new users from using the ride-sharing application over data security concerns, prompting delisting plans to arise. Didi's stock skyrocketed 31.34% in the premarket trading following the report.

Breaking the News / ND