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July 29, 2021, 7:48 a.m. EDT

DiDi stock pares gains after denial of report it is considering going private

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By Tomi Kilgore


Shares of DiDi Global Inc. /zigman2/quotes/227703899/composite DIDI +1.59% soared 16.6% in premarket trading Thursday, but pared much bigger gains earlier, after the China-based ride hailing company denied a media report that it may go private. Earlier, the stock rose as much as 45% ahead of the open, after The Wall Street Journal reported the company has been considering going private to placate authorities in China, and to compensate investors for losses incurred since the company listed in the U.S. a month ago. DiDi affirmed that the WSJ report "is not true." The company went public on June 30, with the initial public offering pricing at $14 a share, before China's cyber-regulator launched an investigation amid criticism of how it handled customer information. "The company is fully cooperating with the relevant government authorities in China in the cybersecurity review of the company," the company said. The stock

$ 8.30
+0.13 +1.59%
Volume: 16.47M
Sept. 17, 2021 4:01p
P/E Ratio
Dividend Yield
Market Cap
$40.03 billion
Rev. per Employee

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