DiDi! ๐Ÿš“

Table of Contents

DiDi!

Uber and Lyft were some of the hottest companies and startups coming out of the US in the last decade, they were also some of the most anticipated IPOs. For example, with Uberโ€™s IPO, the stock began trading at $42 per share on the New York Stock Exchange on May 10th, 2019. The IPO raked in $8.1 billion, putting the company’s valuation at around $75 billion. Yesterday, a new company similar to Uber and Lyft made its IPO. The company is called DiDi and is a Chinese version of Uber. DiDi is the undisputed market leader and is estimated to control 90% or more of the market share of the countryโ€™s ride-hailing service segment.

DiDi acquired so much market share through many mergers and acquisitions, for example, they absorbed competitors in the market such as Kuaidi Dache and Uber China. DiDiโ€™s IPO occurred yesterday and ended with the stock up 1%, a different trend than what occurred with the companyโ€™s American counterparts (Uber and Lyft) which both closed below their initial trade values. With increasing vaccines and a decrease in COVID in China and the US — DiDiโ€™s IPO comes at a good time for the company relative to what the last year had looked like. The numbers verify this trend with DiDi reporting a total loss of $2.54 billion in revenue last year, but finally seeing a slight profit of $95 million in the first quarter of 2021. What do you think about the IPO, and will you be investing?

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visaยฎ Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.