Didi bars employees from selling shares indefinitely - FT

Reuters2021-12-28

(Reuters) - Chinese ride-hailing giant Didi Global Inc has barred current and former employees from selling shares of the company indefinitely, the Financial Times reported on Monday, citing people familiar with the matter.

The 180-day lock-up period post the company's initial public offering during which current and former staff were not permitted to sell shares was supposed to end on Dec. 27, but the prohibition has been extended without a new end date, the report said.

Employees will not be able to sell shares until after the company has listed in Hong Kong, according to the report.

Didi did not immediately respond to a Reuters request for comment.

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Comments

  • Clover128
    2021-12-28
    Clover128
    I hold position of DIDI too and not planning to sell. Think it should play out just fine..
  • koolgal
    2021-12-28
    koolgal
    It sounds draconian but if the employees are allowed to sell then there maybe a loss of confidence and the shares can plummet further. 🤔
    • 虎渣渣: 
      [强]瞬间心安许多
    • 虎渣渣: 
      我目前持有不少滴滴股票，亏了25%。如果是你目前是减仓，清仓，还是持有好？
    • koolgal: 
      I am currently holding positions, not selling.
    • ping23: 
      price will drop more if allow staff to sell
    • koolgal: 
      That is for sure. So it is good for Didi
  • HENRYCSC
    2021-12-28
    HENRYCSC
    Whatever 
  • IZLIN
    2021-12-28
    IZLIN
    @Meow17@simplydkam@Sagi08[Surprised] 
  • 暴富21888
    2021-12-28
    暴富21888
    Not surpising
  • Ignis
    2021-12-28
    Ignis
    [Surprised] 
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