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Didi struck with another investor lawsuit for $ 4.3 billion IPO

By Sarah Jarvis (Sept. 10, 2021, 6:20 p.m. EDT) – Chinese ridesharing giant Didi’s IPO documents omitted that the company’s apps were inconsistent with Beijing’s privacy laws and regulations, another shareholder alleged in a proposed Securities class action filed in the Southern District of New York.

Cory Hechler said in Thursday’s lawsuit that Didi Global Inc.’s share price fell nearly 20% on July 6, ahead of Didi’s debut on June 30 on the New York Stock Exchange. The suit, which is also current …

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