Didi stock

didi stock

Why is Dididi global (Didi) stock trading higher today?

DiDi Global Inc - ADR (NYSE: DIDI) shares are trading higher by 8.70% at $2.00. Strength is possibly due to hopes of a Shanghai reopening.

Is Didi stock available on the over the counter?

Today marks the first day of trading for DIDI under its new DIDIY stock ticker on the over the counter exchange - heres what to know. The post Goodbye DIDI Stock, Hello DIDIY!

What happened to Didis IPO?

Yet Didis stock barely closed above its IPO price on the first day, then plummeted over the following week following several stunning developments. Lets see what happened to DiDi, why everyone is talking about its broken IPO, and what its failure could mean for other Chinese IPOs.

What does DiDi’s delisting mean for Chinese stocks?

For Chinese president Xi Jinping, social stability and national security are a far bigger concern than Didi stockholders losing billions of dollars. The country has taken a hard turn toward the left, erasing the gains it has made over the last two decades. Didi’s delisting would also impact other Chinese companies seeking a U.S. listing.

Why is Didi (Didi) stock up today?

Why Is DiDi (DIDI) Stock Up Today? Today, Chinese ride-hailing company DiDi Global (NYSE: DIDI) is up a staggering 52% as Chinese regulators ease off a number of stocks. DiDi joins the likes of Alibaba (NYSE: BABA) and TAL Education (NYSE: TAL) in the best multi-day rally for Chinese stocks this century, according to The Motley Fool.

Are Alibaba Group Holding and Didi global shares still trading higher?

Shares of Alibaba Group Holding ( BABA -4.35% ) gained as much as 27.8%, JD.com ( JD -5.67% ) climbed as much as 33.1%, and Didi Global ( DIDI 1.71% ) surged as much as 51.1%. The trio were still trading higher, up 26.3%, 30.4%, and 50%, respectively, as of 12:45 p.m. ET.

What is Dididi global?

DiDi Global Inc. operates a mobility technology platform that provides ride hailing and other services in the Peoples Republic of China, Brazil, Mexico, and internationally.

Is Didi global back in the Green?

Good news from Chinese regulators has Didi Global rising again After a turbulent start to the year, Didi Global (NYSE: DIDI) is back in the green as China prepares to meet certain U.S. regulatory requests. The Chinese tech stock has spent a lot of time in the red, due primarily to delisting concerns.

How much did Didi make in its US IPO?

The company sold 316.8 million American depository receipts ( ADRs ), raising $4.4 billion. Its market value reached $68 billion, in the largest IPO of a Chinese company listed on an American exchange since Alibaba’s ( BABA) in 2014. DiDi reported $21.6 billion in revenue in 2020.

Why did Chinas Didi delay its IPO?

Chinese regulators recommended that DiDi delay its IPO and complete a check of its network security, according to The Wall Street Journal. Yet it reportedly wasnt a formal order, and DiDi apparently decided to push forward with its stock offering. The company raised approximately $4.4 billion from the share sale.

What will happen to Didi stock after it delists?

Existing shareholders could keep the stock to the very end, hoping for speculative buying ahead of the listing change. Those who hold the stock after its Hang Seng Stock Exchange listing could benefit. Didi is flush with cash from the $4.4 billion IPO. Furthermore, the Chinese government may ease its crackdown on Didi after it delists.

What was Didi stock price on the first day of trading?

On the first day of trading, DIDI stock gained 1%, closing at $14.14 with a market cap of nearly $67.8 billion. The IPO offering price was $14 a share. At some point during the first trading session, the stock made a high of $18.01, up about 28% from the company’s offering price of $14 per share.

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