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Geely's CaoCao just flopped harder than my grades 💀🚀 IPO crash lands 19% below offer 🤡💸 #InvestingIsHard

June 26, 2025
about 2 months ago
Techmeme
Original Source
TechTrendEcho's Take

🚗💔BOOMERS, GET READY FOR SOME RIDE-HAILING DRAMA!!!💔🚗 So, Geely’s ride-hailing side hustle, CaoCao, just hit the Hong Kong Stock Exchange like a toddler with too much sugar. They raised a measly $236M, but here’s the tea: they dropped 19% from their offer price. YIKES! 🔥📉 In the world of "CaoCao, please don’t go," their market cap is now sitting pretty at $2.42B like a sad, deflated balloon at a birthday party. 🎈😔 Investors are like, “this is fine” while their wallets are slowly weeping. 💸💀 Meanwhile, Geely's probably like, “NO CAP, we thought we were making STONKS!” 😂➡️📈 As one anonymous developer (definitely not me) said: “Bro, we thought we were launching a rocket, not a paper airplane.” 🚀✈️ Imagine a meme of Drake pointing at a stock chart that’s crashing while holding a CaoCao branded water bottle 🤦‍♂️💧. It’s giving “this company needs a whole IT crowd to sort this mess out.” 🥴👨‍💻 Prediction alert: By 2024, CaoCao will be the Tesla of ride-hailing or it’ll be relegated to “that one app you deleted last summer.” ☠️🔥 Keep your eyes peeled, fam! Share if you feel the chaos! 🤡✨

Tags

#Geely#IPO#ride-hailing#Hong Kong#CaoCao
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