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2021-06-30

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Didi Prices Its IPO at $14. Shares of the Chinese Ride-Hailing Giant Start Trading on Wednesday.

Didi Global, the Uber of China, has set the stage for one of the year’s biggest IPOs. The Chinese ri

Didi Prices Its IPO at $14. Shares of the Chinese Ride-Hailing Giant Start Trading on Wednesday.

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Shares of the Chinese Ride-Hailing Giant Start Trading on Wednesday.","url":"https://stock-news.laohu8.com/highlight/detail?id=1192804598","media":"Barrons","summary":"Didi Global, the Uber of China, has set the stage for one of the year’s biggest IPOs.\nThe Chinese ri","content":"<p>Didi Global, the Uber of China, has set the stage for one of the year’s biggest IPOs.</p>\n<p>The Chinese ride-hailing behemoth on Tuesday sold 288 million American depositary shares at $14 each, the top of its $13 to $14 price range, a person briefed on the matter said. Four such shares represent one class A ordinary share.</p>\n<p>At $14 a share, Didi would have a $67 billion market capitalization. On a fully diluted basis, Didi’s valuation rises to about $73 billion</p>\n<p>The Beijing company has raised $4 billion in the offering. 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Shares of the Chinese Ride-Hailing Giant Start Trading on Wednesday.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 19:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/didi-ipo-51625006792?mod=hp_LEAD_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Didi Global, the Uber of China, has set the stage for one of the year’s biggest IPOs.\nThe Chinese ride-hailing behemoth on Tuesday sold 288 million American depositary shares at $14 each, the top of ...</p>\n\n<a href=\"https://www.barrons.com/articles/didi-ipo-51625006792?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://www.barrons.com/articles/didi-ipo-51625006792?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192804598","content_text":"Didi Global, the Uber of China, has set the stage for one of the year’s biggest IPOs.\nThe Chinese ride-hailing behemoth on Tuesday sold 288 million American depositary shares at $14 each, the top of its $13 to $14 price range, a person briefed on the matter said. Four such shares represent one class A ordinary share.\nAt $14 a share, Didi would have a $67 billion market capitalization. On a fully diluted basis, Didi’s valuation rises to about $73 billion\nThe Beijing company has raised $4 billion in the offering. The shares will start trading on Wednesday on the New York Stock Exchange under the ticker DIDI.\nDidi was one of nine companies expected to price their IPOs on Tuesday and trade Wednesday.\nentinelOne, the AI-powered cybersecurity platform, collected $1.12 billion after selling 32 million shares at $35 each, above its expected price range. The company had filed to offer 32 million shares at $26 to $29 each, which it boosted to $31 to $32 a share on Monday. It will trade Wednesday under the ticker S on the New York Stock Exchange.\nOthers scheduled to priceTuesday and trade Wednesday include Legal Zoom,the online legal services company.\nGoldman Sachs, Morgan Stanley, and J.P. Morgan are the underwriters on the Didi offering.\nDidi provides a smartphone app that lets users connect with vehicles and taxis for hire. Founded in 2012, it operates in nearly 4,000 cities, counties, and towns across 16 countries,its prospectus said. It had more than 493 million annual active users as of March 31.\nAt $4 billion, Didi would deliver the second biggest IPO of the year.Coupang(ticker: CPNG),which collected about $4.6 billion in March, remains the year’s biggest IPO, Dealogic said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":228,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}