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Didi has fallen a stunning 52% since its US IPO as China's crackdown pummels the ride-hail giant

3 monthes ago   |   By Business Insider

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Reuters
Didi is vying for China's worst US IPO this year as its stock has lost more than half its value.
Not long ago, Didi was eyeing a $70 billion valuation. Less than a month from its debut, it is now worth less than $40 billion.
Didi has been spared the title of worst IPO this year by RLX Technology, a vaping company that has fallen 78%.
See more stories on Insider's business page .
Didi is vying for China's worst US IPO this year as the besieged ride hailing company's stock has lost more than half its value. Compared to the market open price on the day of its IPO, Didi has...
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