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Today's IPO for China ride-sharing leader Didi Global (NYSE: DIDI) opened for trading at $16.65 after pricing 317 million American Depository Shares (ADS) at $14.
Goldman Sachs (Asia) L.L.C., Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC are acting as active joint... More
Didi (NYSE: DIDI) IPO now indicated to open $16.50-$17 after pricing at $14.
... MoreDidi (NYSE: DIDI) IPO now indicated to open at $15.75-$16.25 after pricing at $14
... MoreBy Noor Zainab Hussain, Echo Wang and Yilei Sun
(Reuters) -Didi Global Inc shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.
The stock market debut vindicated Didi's decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.
SoftBank-backed Didi's... More
(Updated - June 30, 2021 11:20 AM EDT)
Didi (NYSE: DIDI) IPO indicated to open at $15-$16 after pricing at $14
... MoreHONG KONG (Reuters) - Chinese riding hailing giant Didi Global Inc raised $4.4 billion by pricing its shares at $14 each in its upsized New York initial public offering on Wednesday.
Didi sold nearly 316.8 million American Depository Shares (ADS), versus the planned 288 million.
(Reporting by Scott Murdoch and Noor... More
DiDi Global Inc. (NYSE: DIDI), the worlds leading mobility technology platform, today announced the pricing of its initial public offering of 316,800,000 American Depositary Shares (ADSs), each four ADSs representing one Class A ordinary share of the Company, at a price to the public of US$14.00 per ADS for a total offering size of US$4.4 billion, assuming the underwriters do not exercise their option to purchase additional ADSs. The ADSs are expected to begin trading on the New York Stock Exchange on June 30, 2021, under the symbol DIDI. The closing of the offering is expected to occur... More
Didi Global Inc., the largest Chinese ride-hailing company, has sold more shares than initially planned to collect $4.4 billion from todays IPO.
Didi sold 317 million American Depository Shares (ADS), versus an originally expected 288 million.
Didi sold shares at the higher end of a range - $14 per share -... More
