Ride-hailing firm Didi Global denies media report it plans to go private

Didi’s shares are trading 14.5% below the U.S. IPO price.

Ride-hailing company Didi Global on Thursday denied a media report that the company was considering going private to placate Chinese authorities and compensate investor losses since it listed in the United States.

The Chinese company has been mulling delisting plans as a crackdown in China widens and it has received support from cybersecurity regulators, the Wall Street Journal reported, citing people familiar with the matter.

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