Ride-Hailing Co. Didi Says SEC Investigating Its $4.4B IPO

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By Lauren Berg (May 4, 2022, 9:11 PM EDT) — Chinese ride-hailing giant Didi Global Inc. said the U.S. Securities and Exchange Commission is investigating its $4.4 billion initial public offering.

In its 265-page annual report published Monday, Beijing-based Didi briefly mentioned that it is currently the subject of an SEC investigation after its splashy $4.4 billion listing on the New York Stock Exchange, saying the agency “made inquiries in relation to the offering.”

“We are cooperating with the investigation, subject to strict compliance with applicable [People’s Republic of China] laws and regulations,” Didi said. “We cannot predict the timing, outcome or consequences of such an investigation.”

The taxi app operator…

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