OnePro (OP)inions Didi drops

December 28, 2021

Didi Global Inc. dropped on Monday after the Financial Times reported that current and former employees of the firm have been banned from selling any of their stock indefinitely. 

Shares of the Chinese ride-hailing giant fell 5.4% to close at $5.30 per share in New York trading. The move to block employees from unloading their shares comes just as early investors are able to sell stock on Monday with the end of Didis 180-day lock-up following its June initial public offering.

While Didis outside investors -- which include Uber Technologies Inc., SoftBank Group Corp. and Tencent Holdings Ltd. -- will still be able to offload shares on Monday, according to the FT, they likely face steep losses after months of selling pressure.

OnePro Special Analyst

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