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Where Will DiDi Global Be in 5 Years?

·5 min read
Where Will DiDi Global Be in 5 Years?
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DiDi Global (NYSE: DIDI), the largest ride-hailing company in China, burned many investors after its IPO on June 30. DiDi priced its shares at $14, but they're now trading at about $7. Shortly after Didi's IPO, the Cyberspace Administration of China (CAC) abruptly suspended all new user registrations for DiDi's app within the country as part of an industrywide cybersecurity review.