Didi Chuxing raises $4.4 bln in US IPO
Jun.30,2021

Asian Tech Press -- Didi Chuxing, also Didi, the Chinese top ride-hailing company, has raised about $4.4 billion in its U.S. initial public offering (IPO) on Tuesday, according to Reuters.

According to Tuesday's updated filing, Didi offered about 317 million American Depositary Shares (ADS), increasing about 10% from the original plan.

The offering price has been set at $14 per ADS, at the top of the proposed range of $13 to $14.

At $4.4 billion, the listing would be the second-largest U.S. share sale by a Chinese company, behind Alibaba Group Holding Ltd (BABA: NYSE), which raised a record $25 billion in 2014.

FTSE Russell previously reported that Didi is expected to be fast-tracked into the FTSE Global Equity Index Series (GEIS), if it can meet the relevant threshold by the closing of its first day of trading.

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