Will Didi’s regulatory problems make it harder for Chinese startups to go public in the US?
https://techcrunch.com/2021/07/06/will-didis-regulatory-problems-make-it-harder-for-chinese-startups-to-go-public-in-the-us/
Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.Shares of Chinese ride-hailing business Didi are off 22% this morning after the company was hit by more regulatory activity over the holiday weekend. The recently public company traded as high as $18.01 per share since it held an IPO last week; today, shares of Didi are worth just $12.09, off around a third from their 52-week high.
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