China's Didi raises US$4 billion in US IPO

Didi will sell 288 million American Depository Shares (ADS) at US$14 apiece, the source said. This gives Didi a valuation of about $73 billion on a fully diluted basis.

NEW YORK: Chinese ride hailing company Didi Global Inc raised US$4 billion in its U.S initial public offering (IPO) on Tuesday, pricing it at the top of its indicated range, according to people familiar with the matter.

Didi will sell 288 million American Depository Shares (ADS) at $14 apiece, the source said. This gives Didi a valuation of about $73 billion on a fully diluted basis.