Didi jumps almost 20 per cent at opening in New York Stock Exchange debut

Source: China – South China Morning PostDidi Chuxing, the Chinese ride-hailing giant, debuted strongly on the New York Stock Exchange on Wednesday, demonstrating a continuing appeal to US investors for high-growth investments despite political tensions between Washington and Beijing.The company, with the ticker symbol DIDI, started trading at US$16.65 a share, a 20 per cent jump from its IPO price of US$14.It marks the biggest international listing in the US since Alibaba Group’s IPO in 2014.Didi raised US$4.4 billion with its…Read More

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