Didi, the largest ride-hailing company in China, is denying reports that it is considering taking the company private just one month after it debuted on the New York Stock Exchange.
On Sunday, China banned new downloads of Didi’s ride-hailing app, and on Tuesday, the stock dropped more than 23% in response.
Chinese ride-hailing company Didi has filed for an IPO on the New York Stock Exchange, but some analysts are already questioning the long-term value of the stock.
Chinese ride-hailing giant Didi has filed paperwork with the SEC for an IPO on a major U.S. stock exchange.
