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US securities regulator probes Chinese firm Didi Global’s $4.4b IPO

May 4, 2022
Source: dealstreetasia.com dealstreetasia.com
News Snapshot:
The U.S . Securities Exchange Commission is investigating Didi Global Inc over its $4.4 billion initial public offering in the United States in June last year, the Chinese ride-hailing giant said. Didi was cooperating with the U.S . securities regulator ‘s investigation related to the offering, “subject to strict compliance” with Chinese law, the company said in its annual filing on Monday. “We cannot predict the timing, outcome or consequences of such an investigation,” Didi added. The company did not provide further details about the nature of the investigation. A spokesperson for the company did not immediately respond to a...
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Tags: American depositary shares | app | Chinese | commission | cybersecurity | data | delist | Didi | Giant | Hong Kong | initial public offering | ipo | IT | KONG | law | listing | mobile | national security | New York | New York Stock Exchange | NYSE | privacy | stock exchange | stock market | United States

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