Didi Handed Executives Shares Pre-IPO

The video discusses unexpected awards given to executives and board members, totaling $3 billion, which have surprised industry observers. These awards, buried in regulatory filings, add to the uncertainty surrounding DD. The company is controlled by its co-founders, raising concerns of self-dealing. Unlike typical IPO practices, these grants were stock options with a near-zero strike price and no vesting period, making them essentially free shares. This practice is uncommon in the US but has been seen in China, contributing to investor discomfort.

Who are the likely recipients of the grants according to the text?

What is the total value of the grants mentioned in the text?

What concerns might investors have regarding the grants issued to executives?

How does the situation with DD compare to other companies during an IPO?

What unusual feature do these stock options have compared to typical grants?