Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Didi Handed Bosses Stock Options Worth Billions Before IPO (1)

July 6, 2021, 7:58 PM

Didi Global Inc. handed a group of senior executives and board members a sweet perk in the weeks before its initial public offering: shares worth billions of dollars.

The gift came in the form of stock options, free from the usual four-year vesting restriction and with a strike price Didi described in regulatory filings as “nominal.” That means the recipients are able to convert them into normal shares at almost no cost and sell them once the six-month lockup period expires.

WATCH: Didi Global Inc. has disclosed that it handed a group of senior executives and board members shares worth billions in the weeks before its IPO.
(Source: Bloomberg)

The grants, which were disclosed in a June 28 amended version of its registration statement, may add ...