China’s ride-hailing app Didi Global raises US$4 billion in United States IPOUnited States & Canada – South China Morning Post

Source: United States & Canada – South China Morning PostChinese ride-hailing app Didi Global Inc raised US$4 billion in its US initial public offering (IPO) on Tuesday, pricing it at the top of its indicated range, according to people familiar with the matter.Didi will sell 288 million American Depository Shares (ADS) at US$14 apiece, the source said. This gives Didi a valuation of about US$73 billion on a fully diluted basis.The sources asked not to be identified ahead of an official announcement. Didi did not immediately respond to a request for…Read More

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