Rollercoaster Ride Continues For Didi After Government Rug-Pull

Rollercoaster Ride Continues For Didi After Government Rug-Pull

OilPrice.com

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The non-stop rollercoaster ride in Didi shares continued Friday, one day after reports that Didi might go private sent the stock into the stratosphere (however briefly) in premarket trading. But the company swiftly denied the report, bringing shares back down to earth, and although Beijing has apparently reconsidered its plan to ban US IPOs (at this point, it might be difficult to find investors willing to risk it on another Chinese firm anyway after the Didi rug-pull), the latest reports Friday morning said China's transport regulator plans to…

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