Chinese ride-hailing company Didi Chuxing today denied speculation that it plans to launch an IPO, saying the online seller of what are suspected to be Didi shares has been unidentified, state media reports. Li also warned investors to be cautious of selling Didi shares on online auction platforms, as the company's shareholder agreement strictly prohibits any private equity transactions. Stakes in "the world's leading ride-hailing company" appeared on Alibaba's auction platform on Tuesday, set for online auction on July 29 with a starting price of 92 million yuan. Investors therefore believe the company in question is Didi Chuxing. "The seller of what are suspected to be Didi shares on the online auction platform is unknown, and the shares cannot be identified as authentic.

Source: The Standard July 22, 2020 06:00 UTC