SUBSCRIBE

CATEGORIES

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

Investing.com – 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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.