A PYMNTS Company

Didi Denies It Has Plans To Go Private After $4.4B IPO

 |  July 29, 2021

Ride-hailing company Didi Global on Thursday, July 29, denied a media report that the company was considering going private to placate Chinese authorities and compensate investor losses since it listed in the United States.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    The Wall Street Journal, citing people familiar with the matter, reported that the Chinese company has been mulling delisting plans as a crackdown in China widens and it has received support from cybersecurity regulators.

    Didi, which listed in New York last month after raising US$4.4 billion in an initial public offering (IPO), said in a statement that the WSJ report was not true.

    “The company affirms that the above information is not true,” it stated in reference to the report. “The company is fully cooperating with the relevant government authorities in China in the cybersecurity review of the company.”

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.