Didi shares slide 3.3% premarket on report Chinese government mulling serious penalties for U.S. IPO

Didi shares slide 3.3% premarket on report Chinese government mulling serious penalties for U.S. IPO
·1 min read

Shares of Chinese ride-sharing company Didi Global Inc. fell 3.3% in premarket trade Thursday, after Bloomberg reported that Chinese regulators are considering serious penalties for the company after its U.S. initial public offering in June, citing people familiar with the matter. Didi raised $4.4 billion in the deal, which came despite pushback from China's cyberspace administration. The decision to push ahead with the deal is being viewed as a challenge to Beijing's authority, the people told

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