IPOs

June 30, 2021

DiDi’s IPO 🚕 💰

DiDi Global (the ‘Uber of China’) went public today, and it’s the largest Chinese IPO since Alibaba went public in 2014. The company was worth $62B in its most recent funding round. 

The stock opened well above its $13-14 price range set earlier this week, then rallied to an intraday high of $18.01 before tumbling.

At the close, the rideshare company was just over a dime above its IPO price. What a ride. 🎢

All things considered, DiDi still managed to finish the day green. The company sold 316.8M shares and raised $4.4B in its market debut. 

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