Wednesday, 30 Jun 2021 07:09 AM MYT
A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS
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BEIJING, June 30 Chinese ride hailing company Didi Global Inc raised US$4 billion (RM16.5 billion) in its US initial public offering (IPO) yesterday, 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.
China’s Didi raises $4.4 billion in upsized U.S. IPO
FILE PHOTO: A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/File Photo
June 30, 2021
By Echo Wang, Anirban Sen and Scott Murdoch
(Reuters) – Chinese ride hailing company Didi Global Inc raised $4.4 billion in its U.S. IPO, pricing it at the top of its indicated range and increasing the number of shares sold, the company said.
Didi sold 316.8 million American Depository Shares (ADS), versus the planned 288 million, at $14 apiece.
This would give Didi a valuation of about $73 billion on a fully diluted basis and $67.5 billion on a non-diluted basis.
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(Reuters) - Chinese ride hailing company Didi Global Inc raised $4.4 billion in its U.S. IPO, pricing it at the top of its indicated range and increasing the number of shares sold, the company said.
Didi sold 316.8 million American Depository Shares (ADS), versus the planned 288 million, at $14 apiece.
This would give Didi a valuation of about $73 billion on a fully diluted basis and $67.5 billion on a non-diluted basis.
The decision to increase the deal size came after the Didi investor order book was oversubscribed multiple times, a source told Reuters. The company is expected to debut on the New York Stock Exchange on June 30.