HONG KONG -- Shares in Didi Global fell nearly 20% Tuesday as the U.S. stock market priced in the impact of the ride-hailing company's head-on collision with Chinese regulators.
The New York-listed stock opened at $11.78, well below last week's IPO price of $14, later narrowing its losses to close at $12.49. Its market cap sunk to around $60 billion, down from more than $74 billion on Friday.
