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Didi’s 44% Slump Makes It Biggest China IPO Loser in U.S.

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WATCH: Didi has began preparations to withdraw from U.S. exchanges, and will start working on share sale in Hong Kong. Stephen Engle reports.Source: Bloomberg
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As Didi Global Inc. starts work on delisting its U.S. shares, the ride-sharing company is poised to deliver the worst performance in initial months of trading for any major Chinese listing stateside. 

With the stock down about 44% since the debut in June and set to slump further once trading starts in New York on Friday, Didi’s first half year is likely to deliver the biggest drop on record among Chinese firms that raised at least $2 billion through offerings in New York, according to data compiled by Bloomberg.