- June 24, 2021
- Posted by: Stratford Team
- Category: Business
This photo taken on September 4, 2018 shows a logo of Didi Chuxing displayed on a building in … [+] Hangzhou in China’s eastern Zhejiang province. – Chinese ride-hailing giant Didi Chuxing said on September 4 it would halt most late-night ride services for a week as it tries to reassure the public following the rape and murder of a passenger. (Photo by STR / AFP) / China OUT (Photo credit should read STR/AFP via Getty Images)
AFP via Getty Images
Didi Chuxing (DIDI) is expected to go public sometime in July 2021. With a valuation rumored anywhere from $70 billion-$100 billion, the stock will earn an unattractive rating.
I do not think investors should expect to make any money in Didi’s stock if the rumored valuation comes true.
A $100 billion valuation implies Didi will own 50% of the world ride share and food delivery market, a highly unlikely event given vast competition in an increasingly commoditized market.
I think the stock is…
