Didi Global Inc

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Didi's $4 bln IPO order books to close Monday - sources

Reporting by Yilei Sun in Beijing and Scott Murdoch in Hong Kong; Editing by Christopher Cushing
June 28, 2021 12:29 PM +07

HONG KONG, June 28 (Reuters) - China's biggest ride-sharing firm Didi Global Inc will close the investor order books for its U.S. initial public offering (IPO) to raise up to $4 billion one day early on Monday, two people with direct knowledge of the matter said.

The people could not be identified as the information is not yet public. Didi did not respond to a request for comment.

The books will close at 5pm in each region on Monday, the people said.

Didi set a price range of $13 to $14 per American Depositary Share (ADS), a regulatory filing showed on Thursday, and said it would offer 288 million such shares in the IPO. At the top of the range, the deal will raise $4.03 billion.

More details in https://www.reuters.com/business/autos-t...021-06-28/
Specuvestor: Asset - Business - Structure.
Didi says app takedown may hit revenue, other U.S.-listed Chinese firms probed

Tony MunroeYilei SunScott Murdoch
July 5, 2021 6:31 PM +07

BEIJING/HONG KONG, July 5 (Reuters) - Ride-hailing giant Didi Global Inc (DIDI.N) said a regulatory order that its app be removed from app stores in China could hurt revenue, while other newly U.S.-listed Chinese firms also found themselves the subject of cybersecurity investigations.

Sunday's takedown order from the Cyberspace Administration of China (CAC) comes just two days after the regulator announced an investigation into Didi and less than a week after it made its debut on the New York Stock Exchange. read more

Didi told Reuters on Monday that it was unaware before the initial public offering (IPO) that the CAC would launch a cybersecurity investigation or order a halt in China to new user registrations and a suspension of app downloads. read more

The CAC's move also comes amid a widespread regulatory squeeze on Chinese tech firms that began with the scuttling of a $37 billion listing planned by Alibaba fintech affiliate Ant Group late last year.

More details in https://www.reuters.com/technology/didi-...021-07-04/
Specuvestor: Asset - Business - Structure.
Interesting update from Reuters that regulators had suggested they delay their IPO.

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