didi stock what time

When does Didi start trading?

Mar 25, 2022 · Get DiDi Global Inc (DIDI:NYSE) real-time stock quotes, news, price and financial information from CNBC. ... Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and ...

Should I Sell Didi?

Mar 26, 2022 · 2 brokers have issued 1 year price objectives for DiDi Global's stock. Their forecasts range from 6.20 to 25.00. On average, they expect DiDi Global's share price to reach 15.60 in the next twelve months. This suggests a possible upside …

When does Didi report earnings?

Apr 22, 2022 · DiDi Global Inc. (NYSE:DIDI) shares, rose in value on Thursday, April 21, with the stock price down by -9.04% to the previous day’s close as strong demand from buyers drove the stock to $1.71. Actively observing the price movement in the last trading, the stock closed the session at $1.88, falling within a range of $1.69 and $1.87.

How to buy Didi IPO stock and whether you should?

Mar 11, 2022 · Shares of DiDi Global ( DIDI 12.80% ) plunged 44% on Friday, following reports that the Chinese ride-hailing leader was ceasing its preparations for a …

When can I buy DiDi?

June 30DIDI shares will begin trading on the New York Stock Exchange on Wednesday, June 30. How can I buy Didi? The stock will begin trading on June 30 on the NYSE. To buy shares, just do so via your broker as you would any other stock.Jun 29, 2021

Is DiDi going to be delisted?

Ride-hailing giant Didi Global plans to delist from the New York Stock Exchange and launch a share offering in Hong Kong as early as the second quarter. Its success will provide a template for other Chinese companies looking to make the switch.Feb 17, 2022

What will happen to DiDi stock after delisting?

What Happens to Your Shares When a Company Delists? If a U.S.-listed Chinese company like DiDi delists, there are essentially three possible outcomes for investors: a share buyback, share transfer, or share limbo.Dec 9, 2021

When did DiDi stock go public?

June 30DiDi Global is an app-based ride-hailing services company. It made its public debut on the NYSE on June 30 at a price of $14 a share. The company sold 316.8 million American depository receipts (ADRs), raising $4.4 billion.Jun 30, 2021

Why did Didi get delisted?

Why is Didi going to delist? Chinese regulators opposed the U.S. listing, saying it could expose Didi's vast troves of data to foreign powers. The firm pressed ahead with the June 2021 IPO anyway, in a move that Beijing saw as a challenge to its authority.6 days ago

Is Didi listed in Hong Kong?

U.S.-listed shares of DiDi Global , the Chinese ride-hailing giant, fell sharply Friday on a report from Bloomberg that said the company suspended preparations for its planned stock listing in Hong Kong. Shares of DiDi (ticker: DIDI) dropped 41% to about $2. The stock has slumped almost 60% in 2022.Mar 11, 2022

Can delisted stock come back?

A delisted stock can be relisted only if SEBI permits it. The market regulator lays out different guidelines for relisting such shares. Relisting of voluntarily delisted stocks: Such shares will have to wait five years from their delisting date to get relisted again.Mar 21, 2022

Is NIO in danger of being delisted?

Your Takeaway on NIO Stock Nio's delisting risk is modest at this time. Investors should care more about the company's path to profitability. When it gets there this year at the earliest, shareholders may hold the stock as it lists on an Asian exchange.Feb 25, 2022

What happens when a stock delists?

Here's what happens when a stock is delisted. A company receives a warning from an exchange for being out of compliance. That warning comes with a deadline, and if the company has not remedied the issue by then, it is removed from the exchange and instead trades over the counter (OTC), meaning through a dealer network.Mar 7, 2022

Will Didi bounce back?

Opportunities in DIDI Stock Didi stock could rebound next year on its Hang Seng listing. Investors may assume that in the future, Didi will satisfy China's privacy concerns. It will also have plenty of cash on hand thanks to its IPO.Dec 7, 2021

Who underwrote Didi IPO?

Before its IPO, Didi was valued at $62 billion as one of the five largest privately held start-ups in the world, according to CB Insights. Goldman Sachs Asia, Morgan Stanley and J.P. Morgan were among the slew of investment banks that underwrote Didi's IPO, while SoftBank was a major investor, according to a filing.Jul 6, 2021

Is Didi global profitable?

Revenue for the period ended September was 42.7 billion yuan, down from 43.4 billion yuan in the same period a year earlier, according to Didi's disclosure on Wednesday. The company had also been profitable in the third quarter last year, with 672 million yuan in net income.Dec 30, 2021

Is DiDi Global a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DiDi Global in the last year. There are currently 1 hold...

Are investors shorting DiDi Global?

DiDi Global saw a decrease in short interest in January. As of January 31st, there was short interest totaling 32,460,000 shares, a decrease of 45....

How were DiDi Global's earnings last quarter?

DiDi Global Inc. (NYSE:DIDI) issued its earnings results on Tuesday, December, 28th. The ride-hailing company reported ($6.48) EPS for the quarter,...

What price target have analysts set for DIDI?

2 brokerages have issued twelve-month price targets for DiDi Global's stock. Their forecasts range from 6.20 to 25.00. On average, they anticipate...

Who are DiDi Global's key executives?

DiDi Global's management team includes the following people: Mr. Wei Cheng , Founder, Exec. Chairman & CEO (Age 38) Ms. Qing Liu , Co-Founder,...

Who are some of DiDi Global's key competitors?

Some companies that are related to DiDi Global include Uber Technologies (UBER) , Pinduoduo (PDD) , Relx (RELX) , Fidelity National Information...

When did DiDi Global IPO?

(DIDI) raised $4.4 billion in an initial public offering on Wednesday, June 30th 2021. The company issued 316,800,000 shares at a price of $14.00 p...

What is DiDi Global's stock symbol?

DiDi Global trades on the New York Stock Exchange (NYSE) under the ticker symbol "DIDI."

Who are DiDi Global's major shareholders?

DiDi Global's stock is owned by many different institutional and retail investors. Top institutional shareholders include Bedford Ridge Capital LP...

About DiDi Global

3.3 Analyst's Opinion

DiDi Global Inc., a mobility technology platform, provides ride hailing and other services in the People's Republic of China, Brazil, Mexico, and internationally.

Is DiDi Global a buy right now?

DiDi Global has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

Are investors shorting DiDi Global?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for DiDi Global in the last year. There are currently 1 hold rating and 1 buy rating for the stock.

How were DiDi Global's earnings last quarter?

DiDi Global saw a decrease in short interest in January. As of January 31st, there was short interest totaling 32,460,000 shares, a decrease of 45.5% from the January 15th total of 59,590,000 shares. Based on an average trading volume of 23,290,000 shares, the short-interest ratio is currently 1.4 days.

What price target have analysts set for DIDI?

DiDi Global Inc. (NYSE:DIDI) issued its earnings results on Tuesday, December, 28th. The ride-hailing company reported ($6.48) EPS for the quarter, missing the Zacks' consensus estimate of ($0.17) by $6.31. View DiDi Global's earnings history.

Who are some of DiDi Global's key competitors?

2 brokerages have issued twelve-month price targets for DiDi Global's stock. Their forecasts range from 6.20 to 25.00. On average, they anticipate DiDi Global's share price to reach 15.60 in the next twelve months.

How much did Didi make?

Some companies that are related to DiDi Global include Uber Technologies (UBER), Pinduoduo (PDD), Relx (RELX), Fidelity National Information Services (FIS), MercadoLibre (MELI), MSCI (MSCI), Global Payments (GPN), eBay (EBAY), CoStar Group (CSGP), FLEETCOR Technologies (FLT), Etsy (ETSY), Broadridge Financial Solutions (BR), Akamai Technologies (AKAM), Trip.com Group (TCOM) and Zillow Group (ZG). View all of DIDI's competitors..

Is Didi IPO a Chinese company?

Didi reportedly brought in $837 million of profit on approximately $6.4 billion in revenue. Didi is a relatively young company, founded in 2012. However, it has garnered attention from some of the world’s brightest minds in the ride-hailing space.

China Strengthening Regulation

This is because Didi is one of several high-profile Chinese companies seeking to come public on U.S. exchanges. It is also because the ride-hailing company is set to make a big splash on Wall Street.

How This Affects Didi Stock Price

I can’t think of many situations where an increase in regulation is a positive for a company. But, in Didi’s case, it might be what the company needs.

Is There Any Hope for Investors?

After the company’s announcement to delist, DIDI stock dropped to an all-time low of $3.33. For a company already under heavy scrutiny, the last thing investors want to hear is more regulation.

What to Make of Didi Stock Price

Now, many investors are questioning, “is there any hope for DIDI stock?” As I have noted, some investors are already finding value in the beaten-down ride-sharing company.

NYSE: DIDI

In a crazy turn of events, the “Uber of China,” Didi Global is falling out of investors’ favor. Despite once being the largest ride-sharing company globally, DIDI stock is down over 72% from its IPO price.

China's ride-hailing leader is headed back home

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1. Going private at a discount to its IPO price

DiDi Global ( DIDI -5.40% ), the largest ride-hailing company in China, plans to delist its shares from the New York Stock Exchange and pursue a new listing in Hong Kong. The announcement, which comes less than six months after DiDi's initial public offering (IPO), shouldn't surprise investors.

2. Retreating to an OTC exchange

Over the past few years, many Chinese companies that initially went public in the U.S. took themselves private before going public again on Chinese exchanges at much higher valuations. The deals couldn't be blocked because the management controlled most of the votes, and U.S. investors were often forced to sell their shares at steep discounts.

3. Swapping ADR shares for HK shares

A less painful option would be for DiDi to relist its shares on an over-the-counter ( OTC) exchange. That's what Luckin Coffee ( LKNC.Y 0.00% ) did after it was delisted from the Nasdaq last June. Luckin's stock had dropped below $2 per share at the time after its fabricated sales figures were exposed, but it now trades at about $13.

Should investors still hold their shares of DiDi?

In its press release, DiDi claims its ADR shares "will be convertible into freely tradable shares" in Hong Kong after it relists the stock.

Premium Investing Services

DiDi's investors might be reluctant to sell their shares at their current reduced prices, since the stock now trades at less than its estimated revenue this year. However, the stock should remain cheap for a very long time.

NYSE: DIDI

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China's top ride-hailing platform still faces daunting challenges

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How fast was DiDi growing?

DiDi Global ( DIDI 6.08% ), China's largest ride hailing company, went public five months ago at $14 per share. Today, it trades at less than $8. Its decline was caused by an abrupt government crackdown shortly after its public debut.

NYSE: DIDI

In 2020, DiDi generated 94% of its revenue from its Chinese mobility services segment, which provides its ride-hailing and ride-sharing services.

How did the Chinese government cripple DiDi?

At the time of its IPO, DiDi's growth rates looked promising. Its revenue rose 14% in 2019, fell 8% in 2020 as the pandemic spread, but surged 106% year-over-year in the first quarter of 2021 as those headwinds waned.

DiDi's platform isn't dead yet

In early July, the Cyberspace Administration of China (CAC) suspended all new user registrations for DiDi's app in China as part of a vague "cybersecurity review". The CAC then ordered the removal of DiDi's 25 apps from all of China's mobile app stores.

DiDi's stock looks cheap -- but it could get a lot cheaper

DiDi is probably still making plenty of money. The platform's 377 million annual active users and 13 million annual active drivers in China (as of this March) can still access its platform if they've already downloaded the app.

What happened

DiDi's stock looks cheap, but it's trading nearly 50% below its IPO price for obvious reasons. It could briefly rally if it relaunches its apps in China, but that euphoria will quickly fade as investors focus on its market share losses, rising expenses, new restrictions, and a potential delisting instead.

So what

Shares of DiDi Global ( DIDI -1.20% ) fell 22% on Friday after the Chinese ride-hailing leader said it was preparing to de-list its shares from the New York Stock Exchange.

NYSE: DIDI

DiDi has had a rough go in the public markets. Its shares have shed more than half their value since the company's initial public offering ( IPO) in June.

Now what

DiDi, however, decided to press forward with its IPO. Regulators responded by barring the company from signing up new users in China.

Premium Investing Services

DiDi said it would pursue a listing for its shares on the Hong Kong Stock Exchange.