China cracks down on Didi days after IPO

What this episode covers

Send us a textDiDi is a Chinese Ride Hailing app that raised $4.4bn in its listing on the New York Stock exchange this Wednesday. This was the biggest Chinese listing in the US since Alibaba listed seven years ago. The stock initially rallied, then two days later news broke that the Chinese regulators are investigating the company. They say they are doing this “in order to maintain national security and protect the public interest.” The stock fell 5.3 per cent on Friday to $...

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Frequently Asked Questions

How long is this episode of Patrick Boyle On Finance?

This episode is 7 minutes long.

When was this Patrick Boyle On Finance episode published?

This episode was published on July 5, 2021.

What is this episode about?

Send us a textDiDi is a Chinese Ride Hailing app that raised $4.4bn in its listing on the New York Stock exchange this Wednesday. This was the biggest Chinese listing in the US since Alibaba listed seven years ago. The stock initially rallied, then...

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