Didi shares slump after insiders blocked from selling stock

The move to block employees from unloading their shares comes just as early investors are set to be able to sell stock on Monday at the end of Didi's 180-day lock-up following its June IPO

Didi Global Inc. slumped on Monday after the Financial Times reported that current and former employees of the firm have been banned from selling any of their stock indefinitely. 
 

Shares of the Chinese ride-hailing giant fell as much as 3.9% in premarket trading and are down 1.1% as of 8:20 a.m in New York. The move to block employees from unloading their shares comes just as early investors are set to be able to sell stock on Monday at the end of Didi’s 180-day lock-up following its June initial public offering.

While Didi’s outside investors -- which include Uber