Business

Didi IPO $ 14 per share

China’s Ride Hailing Goliath, Didi Global Inc., set its IPO price at $ 14 on Tuesday afternoon and prepared to open trading on Wednesday after making a super-fast pitch to potential investors. I prepared it.

The size of the New Deal wasn’t immediately known, but the company sold more shares than planned.Given upsizing, pricing will give Diddy Market capitalization of over $ 67 billionIs less than about $ 95 billion for Uber Technologies Inc., a US ride-hailing service company, but about $ 20 billion for Lyft Inc. Is far above.

Diddy’s fully diluted valuation typically includes restricted stock units, easily surpassing $ 70 billion in initial public offering price, confirming previous reports by The Wall Street Journal.

According to bankers, investors and lawyers, Diddy’s pricing took place just three business days after the roadshow began, making it one of the shortest initial public offerings to sell to investors in recent memory. I will.

According to those who attended, Diddy ran a roadshow through a 24-hour virtual conference due to different time zones. People said the company’s executives focused on Diddy’s size and potential for continued growth. Executives emphasized that 70% of China’s population will live in cities by 2030, and that few people own cars in those cities. Investing in electric vehicles and artificial intelligence.

Didi IPO $ 14 per share

Source link Didi IPO $ 14 per share

Back to top button