Abstract:On June 30, Didi was listed on the New York Stock Exchange. There was neither a bell strike nor a press release. Yes, and the time chosen is very sensitive, and it is obvious deliberately. Didi has had a big trouble going public, but if it doesn’t go public, the trouble may be even greater.
Didi was investigated
On June 30, Didi was listed on the New York Stock Exchange. There was neither a bell strike nor a press conference. Moreover, the time chosen is very sensitive and it is obvious deliberately.
But no one expected that the Chinese government’s response was even more rapid. On July 2, the State Cyberspace Administration announced that it would conduct a network security inspection on him and suspend the development of new customers. By July 4, the investigation conclusion had basically come out, accusing Didi of serious violations of laws and regulations to collect personal information from customers, and the punishment decision made was also very severe, that is, the Didi Chuxing App was removed.
Is going public a gamble?
As soon as this news came out, public opinion was in an uproar, and everyone was concerned about how much the U.S. stock market would fall after Didi resumed trading? In addition, it is also worried that it will trigger a class action by US investors.
I think all this should be in Didi’s conjecture.
In fact, if the China Cyberspace Administration’s investigation is launched before Didi goes public, I am afraid that Didi will want to go public in the short term. The possibility is almost gone. Therefore, compared with the stock price plummeting after the listing, including litigation by American investors, the failure of the listing may have a greater impact.
What will be waiting for Didi?
Everyone knows that Didi is now the largest Internet taxi platform in China and the world. He currently has 493 million active users worldwide and 377 million in mainland China. Drivers has 15 million active users worldwide and about 13 million in China.
In 2015, Didi and Kuaidi merged, and later merged with Uber . So in China, it is basically a dominance, occupying a monopoly position.
For such a huge amount of data, such a huge transaction volume, the data in his hands is also very, very important. In the context of the Chinese government’s increasing emphasis on network data security, Didi is actually obliged to cooperate with the government to protect the privacy of individual users.
So the reason why Didi broke through this time, I think it still comes from the pressure of shareholders. This time Didi was listed in the United States at an issue price of US$14. It issued 288 million shares and raised approximately US$4 billion in capital. This amount of funds is still a huge amount for Didi, which is still in loss. Support.
More importantly, those foreign investors, whether it is SoftBank Okay, or Uber, their investment share may be realized on the NYSE, I think this is more important of.
The current situation of Didi has reached the point where it cannot be collapsed. It is also a systemically important social infrastructure. Therefore, what is waiting for Didi should be a standardized rectification and standardized development. However, it is different if it is not listed.
Author:Shuipi Zatan Studio