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DiDi Submits IPO Application with More Than Half Voting Power of Management

Today, DiDi Chuxing, Chinese ride-sharing company, filed a listing prospectus with the SEC. The prospectus shows that prior to the IPO, the founder and CEO Will Cheng held 7% of the shares and co-founder and president Jean Liu held 1.7%. According to the regular arrangement of Chinese concept stocks, namely the same share with different rights, Will Cheng and Jean Liu have more than 48% of the voting rights totally, so the management of Didi, including Will Cheng and Jean Liu, has more than 50% of the voting rights.

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Ella Shi

Ella Shi is a third-grade student of the Literature Department, a lover of literature and photography. She used to work for the college media community as an author of the school paper. Now she joins FirmKnow to practice and explore her business knowledge.
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