China's Ride-hailing App Dida Debut in Hong Kong Stock Marke…

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TMTPOST--Dida Chuxing, China's second-largest ride-hailer after Didi Chuxing, saw its share price tumble 22.5% from the issue price of HK$ 9 to close at HK$4.65 on its first trading day on the Hong Kong Stock Exchange (HKSE).On Thursday evening, DiDa Chuxing announced its allotment results, with a final offering price of HKD 6 per share, resulting in an IPO market value of HKD 5.96 billion. The closing price was