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Chinese language ride-hailing massive Didi says U.S. regulator is investigating its $4 billion IPO

Didi stated in its annual file that it is being investigated by means of the U.S. Securities and Change Fee. The SEC opened the probe after Didi’s U.S. IPO final yr.

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The U.S. Securities and Change Fee is investigating Didi after its tarnished preliminary public providing, including additional force at the Chinese language ride-hailing massive.

Didi stated in its annual file, revealed Monday, that it used to be contacted by means of the SEC after the corporate went public. The SEC “made inquiries in the case of the providing,” Didi stated.

“We’re cooperating with the investigation, matter to strict compliance with acceptable PRC regulations and rules. We can’t are expecting the timing, consequence or penalties of such an investigation.”