China's Didi valued at $80 billion in mega U.S. IPO as shares soar

Record ID: 1624408

  • Title: China's Didi valued at $80 billion in mega U.S. IPO as shares soar
  • Date: 30th June 2021
  • Summary: NEW YORK, NEW YORK, UNITED STATES (JUNE 30, 2021) (REUTERS) PAN FROM DIDI STOCK PRICE AND LOGO ON MONITOR TO TRADERS
  • Embargoed: 14th July 2021 19:09
  • Keywords: Chinese ride hailing giant Didi Global IPO initial public offering
  • Location: NE WYORK, NEW YORK, UNITED STATES, UNKNOWN LOCATIONS
  • City: NE WYORK, NEW YORK, UNITED STATES, UNKNOWN LOCATIONS
  • Country: USA
  • Topics: Company News Markets,Economic Events,United States
  • Reuters ID: LVA002EJLGX1J
  • Aspect Ratio: 16:9
  • Story Text: China's Didi Global Inc shares soared nearly 19% in their New York Stock Exchange debut on Wednesday (June 30), valuing the ride-hailing giant at $80 billion in the biggest U.S. listing by a Chinese company since 2014.
    SoftBank-backed Didi's stock opened at $16.65, compared with the initial public offering price of $14 per share.
    It had priced an upsized offering of 316.8 million American Depositary Shares at the upper end of its $13 to $14 range, raising $4.4 billion.
    Didi's listing in New York will be the biggest U.S. share sale by a Chinese company since Alibaba raised $25 billion in 2014.
    The biggest Chinese listing in the United States so far this year was Full Truck Alliance YMM.N, often referred to as "Uber for trucks", which raised $1.6 billion.
    (Production: Aleksandra Michalska)
  • Copyright Holder: REUTERS
  • Copyright Notice: (c) Copyright Thomson Reuters 2021. Open For Restrictions - http://about.reuters.com/fulllegal.asp
  • Usage Terms/Restrictions: None
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