$DiDi Global Inc.(DIDI)$ Stock Rallied Nearly 14% on Thursday. What happened？The following reports that the company is considering a Hong Kong listing of its shares.
If it is true, the move largely reverses the rhetoric from just three months ago.
While the investigation was superficially linked to concerns regarding the protection of digital consumer data, such regulatory investigations can create sweeping, difficult outcomes under single-party control. And the potential penalty was at one point being described as unprecedented. The scope of any penalty appears to have been dialed back in the meantime.
The reports are encouraging to be sure. And that may be the reason of the increase on Thursday.
But the additional benefit of a Hong Kong listing at this point isn't clear. Shares already trade via the New York Stock Exchange, and actual demand for the stock could be muted in the current environment. Just look at the $Li Auto(LI)$ and $XPeng Inc.(XPEV)$. On the other hand, if $DiDi Global Inc.(DIDI)$ toward a Hong Kong listing with the eventual intent of delisting it from the NYSE, it will be more interesting!
They're just observations and possibilities. IMO, no matter it's true or not, DIDI is always a great company to hold! And the investigation is much more positive for a great long lived company!
Buy the dip and just hold! There will be excess returns in the future.
What's your opinion?
Have you heared some news that I missed?
Let's talk about that🚀🚀🚀🚀🚀
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