People sure were eager to get a piece of Chinese ride-sharing behemoth Didi Global when it went public last month. And we hope they’ve enjoyed the, uh, ride, because it might very well be coming to an end at the hands of some very unhappy Chinese authorities.

Regulators are weighing a range of potential punishments, including a fine, suspension of certain operations or the introduction of a state-owned investor, the people said. Also possible is a forced delisting or withdrawal of Didi’s U.S. shares, although it’s unclear how such an option would play out.

China Weighs Unprecedented Penalty for Didi After U.S. IPO [Bloomberg]

For more of the latest in litigation, regulation, deals and financial services trends, sign up for Finance Docket, a partnership between Breaking Media publications Above the Law and Dealbreaker.

Related

Uh, where is everybody? where did they go? this is a long caption. really long. does it wrap? By Kevin Hutchinson (Flickr) [CC BY 2.0], via Wikimedia Commons

Stock Exchanges Don’t Have To Do Thing They Very Much Don’t Want To At Their Own Expense

If the SEC wants to know how rebates impact stock trading, they’ll have to figure it out themselves.

jackma

Ant, Squashed

Not even Jack Ma is bigger than the Chinese Communist Party.

‘RSH’ Ticker Symbol Soon To Be Available

Get it while you still can! Also, y'know, RIP Radio Shack.

Ray Dalio (Getty Images)

Ray Dalio Thinks Jack Ma Got What Was Coming To Him

If he’d just do what they want, he’d find China’s market regulators to be very reasonable and caring people.