7 Red Flags for DiDi Global's Future
DiDi Global (NYSE: DIDI) was one of the worst-performing IPOs of 2021. China's top ride-hailing company went public at $14 per share last June, and its stock rose to about $18 by the end of that month. But that turned out to be DiDi's all-time high.
A series of unfortunate events subsequently occurred, and DiDi's stock price plunged to less than $2 -- which reduced its market cap from nearly $80 billion to about $8.5 billion. Let's review the seven red flags that caused investors to dump DiDi, and why this beaten-down stock still isn't a great value at 0.3 times this year's sales.
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Source Fool.com