Why DiDi Stock Crashed Today
Shares of DiDi Global (NYSE: DIDI) fell 22% on Friday after the Chinese ride-hailing leader said it was preparing to de-list its shares from the New York Stock Exchange.
DiDi has had a rough go in the public markets. Its shares have shed more than half their value since the company's initial public offering (IPO) in June.
Things were rocky from the start. In early July, The Wall Street Journal reported that Chinese regulators had wanted DiDi to postpone its IPO. China's cybersecurity agency reportedly indicated that DiDi should have conducted a more intensive review of its network to ensure proper safeguards were in place to protect Chinese citizens' personal information.
Source Fool.com
