by Anura Guruge
on July 5, 2021

---

---

I already did a post on the NOW apparent irregularity of this IPO yesterday.

This, however, is a whole new twist. The Chinese authorities are saying DIDI new that the restrictions were coming. It was NOT sprung on them, from left-field, after the IPO. That is HUGE.

DIDI should have disclosed this!

There are mechanisms for such, even at the 11th hour.

They have done wrong. Not sure if the underwriters can also be held liable.

But, if U.S. investors start losing money, as of tomorrow, a class-action lawsuit will be in the books by the end of the week. MARK MY WORDS.