Thursday, 01 Jul 2021 07:30 AM MYT
SoftBank-backed Didi s stock opened at US$16.65, significantly higher than its US$14 IPO price. Reuters pic
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NEW YORK, July 1 ― Didi Global Inc shares ended their first day of US trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at US$68.49 billion (RM284.4 billion) in the biggest US listing by a Chinese company since 2014.
The stock market debut vindicated Didi s decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as US$100 billion.
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China s Didi worth US$68 billion after US debut
The logo for Chinese ride-hailing company Didi Global Inc is pictured during the IPO on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. REUTERS/Brendan McDermid
01 Jul 2021 07:20AM (Updated:
01 Jul 2021 07:52AM) Share this content
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NEW YORK: Didi Global shares ended their first day of US trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at US$68.49 billion in the biggest US listing by a Chinese company since 2014.
The stock market debut vindicated Didi s decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets.
China s Didi valued at US$80 billion in mega US IPO as shares soar channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
China s Didi worth $68 billion after U.S. debut
Reuters | Jun 30, 2021 08:31 PM EDT
The logo for Chinese ride-hailing company Didi Global Inc is pictured during the IPO on the New York Stock Exchange (NYSE) floor in New York City, U.S (Photo : REUTERS/Brendan McDermid)
Didi Global Inc shares ended their first day of U.S. trading slightly over their initial public offering (IPO) price, valuing the ride-hailing giant at $68.49 billion in the biggest U.S. listing by a Chinese company since 2014.
The stock market debut vindicated Didi s decision to moderate its valuation expectations, after investors raised concerns over the pace and profitability of its expansion in new services and foreign markets. Reuters reported in March that Didi was hoping the IPO could value it at as much as $100 billion.
China s Didi valued at $80 billion in mega U S IPO as shares soar msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.