DiDi Global (DIDI) Considers Going Private to Placate China and Compensate Investors - WSJ

July 29, 2021 6:08 AM EDT
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(Updated - July 29, 2021 6:13 AM EDT)

DiDi Global (NYSE: DIDI) is considering going private in order to placate authorities in China and compensate investors for losses incurred since the company listed in the U.S., according to the Wall Street Journal, citing people familiar with the matter.

The company has been in talks with bankers, regulators and key investors about how it could resolve some of the problems that emerged after it listed on the NYSE. A take private deal that would involve a tender offer for its publicly trade shares is one of the preliminary options being considered.

The price that it would offer to investors could be around or above the $14-per-share IPO price, the report said.

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