Didi Jumps On Day 2 of Trading, To Join FTSE Indices

imageStock Markets25 minutes ago (Jul 01, 2021 09:25AM ET)

(C) Reuters.

By Dhirendra Tripathi – Didi Global (NYSE:DIDI) rose 10% in premarket trading on Thursday, after debuting as a listed company a day earlier.

The shares of the Chinese ride-hailing company will be added to the FTSE global equity indices in a week.

The shares closed at $14.14 on Wednesday, not too far from the $14 initial public offering price. They rose to a high of $16.92 shortly after they opened for trading on Wednesday.

Didi operates in more than 4,000 locations in 15 countries, though China mobility represents the bulk of revenue.

The company, still loss-making, is facing an antitrust probe in China, part of a wider crackdown by the authorities against the country’s internet giants, according to reports.

Didi Jumps On Day 2 of Trading, To Join FTSE Indices

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