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…