Didi Raises $4.4 Billion in U.S. IPO Debut With $14 Share
Didi Global Inc, the ride-sharing company from China, raised $4.4 billion in its U.S. IPO on Tuesday as informed by Reuters. The company sold 317 million American Depository Shares (ADS) at $14 apiece, more than the 288 million initially intended. Hottest IPO so far in 2021With this debut, Didi would reach a $73 billion valuation on a fully diluted basis, and a $67.5 billion valuation on a non-diluted basis. All eyes are on the company, which will also debut in the New York Stock Exchange on June 30. Further, there is a greenshoe option in which another 43.2 million shares can be unlocked for ...