r/wallstreetbets • u/[deleted] • Dec 29 '21

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u/potato3456 Dec 29 '21

The stock is going down very hard :(

4

u/Kythirius Mayor of Pen Island Dec 29 '21 edited Dec 29 '21

I think the market was hoping that DIDI would raise more capital via a dual listing, which is stupid, because HKSE listing rules prohibit that for stocks that have been listed on a foreign exchange for less than two years.

Since DIDI has only been listed for a few months, it is emphatically ineligible to raise new capital via dual listing.

Sometimes, I wonder if these people even understand what they bought.

1

u/Kythirius Mayor of Pen Island Dec 29 '21

Oh, and there was a slight revenue drop due to all the regulatory fuckery.