Didi’s Shares Surge on Report It’s Considering Going Private
- Bloomberg had reported regulators mulled a forced delisting
- Didi said reports about its privatization were untrue
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Didi Global Inc. surged after the Wall Street Journal reported the firm is considering going private to placate Chinese regulators and compensate investors for losses.
The Beijing-based company has been in discussions with bankers, regulators and key investors about ways to resolve regulatory woes since its troubled listing, the newspaper said, citing people with knowledge of the matter. One of the options could involve a tender offer for the publicly traded shares, according to the report. The stock soared as much as 49% but later pared gains after Didi said on its social media account that reports about its privatization were untrue.