DiDi Global Inc (NYSE: DIDI) is trading lower on Friday morning after China said that the China-based ride-hailing service provider will be subjected to a cybersecurity review.
New user registration will be halted for the length of the cybersecurity evaluation, according to an announcement on the website of China’s Cyberspace Administration.
The news comes only days after the company priced its initial public offering at $14 and debuted on the New York Stock Exchange.
Associated Link: Uber Didi Chuxing’s IPO is priced at $14 per share, and trading begins today.
Didi Global is a mobility technology company that specializes in shared mobility, auto solutions, electric mobility, and self-driving vehicles.
Price Changes: DiDi Global ended the day up nearly 16%. Before today’s statement, it was up another 5% in premarket trade.
The stock was down 9.09 percent at $14.91 at the time of our last check on Friday.
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