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Didi hits another investor for more than $ 4.3 billion IPO

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By Sarah Jarvis (September 10, 2021, 6:20 p.m. EDT) – The initial public offering documents for Chinese ride-sharing giant Didi failed to say that the company’s apps did not comply with Beijing’s laws and regulations for confidentiality, said another shareholder in a proposed securities class action lawsuit filed in the Southern District of New York.

Cory Hechler said Thursday that Didi Global Inc.’s share price fell nearly 20% on July 6, the day after the Wall Street Journal reported that China’s cyberspace regulator advised the company to postpone its IPO due to network security concerns for three months. ahead of Didi’s June 30 debut on the New York Stock Exchange. The costume, which also names current …

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