Deals
Didi Prices U.S. IPO at Top to Raise More Than $4 Billion
- Ride-hailing company sells 10% additional shares in offering
- Didi’s listing is second-biggest in U.S. by China-based firm
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Chinese ride-hailing giant Didi Global Inc. has raised about $4.4 billion after pricing its U.S. initial public offering at the top of a marketed range and selling more shares, according to people familiar with the matter.
Didi sold about 317 million American depositary shares in the offering, around 10% more than originally planned, based on an updated filing on Tuesday. The company priced the shares at $14 each after marketing them for $13 to $14, the people said, who asked not to be identified because the details weren’t public yet.