DiDi Global (the โUber of Chinaโ) went public today, and itโs the largest Chinese IPO since Alibaba went public in 2014. The company was worth $62B in its most recent funding round.ย
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. ๐ข
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.ย
$DIDI rose 1% today and ended the day valued at over $70B.