What you need to know if you’re investing in a Chinese stock IPO


A courier for Missfresh grocery delivery drives past Chinese ride-hailing company Didi’s offices. Both companies went public in the U.S. in June 2021.

Gilles Sabrie | Bloomberg | Getty Images

BEIJING — For investors in Chinese IPOs like Didi, reading the fine print will become more critical for avoiding losses.

Ride-hailing app Didi — dubbed the “Uber of China” — raised $4.4 billion on Wednesday in the biggest U.S. initial public offering of any Chinese company since Jack Ma’s e-commerce giant Alibaba went public in 2014.

Two days later, Didi’s shares fell 5.3% after Chinese regulators announced a cybersecurity investigation into the company, suspending new user registrations. Then on…


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