China's Didi denies rumors of delisting from NYSE
Jul.29,2021
A Didi logo. ©REUTERS/Florence Lo

Asian Tech Press -- DiDi Global Inc. (DIDI), also Didi, the Chinese top ride-hailing company, denied it immediately after rumors spread that it was considering delisting frrom NYSE.

The Wall Street Journal on Thursday cited sources as saying that Didi is considering going private and compensating investors for losses suffered since the company's US IPO in late June.

The report also said Didi is discussing with regulators and major investors how to solve a series of problems that have arisen since the IPO, and one of the options is to go private.

Didi made an urgent response on the same day, saying that the rumors about Didi's delisting were false and that the company is now actively and fully cooperating with the network security review.

Didi stock in pre-market trading

As of press time, Didi's shares were at $8.87, up 10.32% in pre-market. Before the company’s official denial, its shares were up more than 45% for a while in pre-market trading.

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