Didi shares set to open over 14% higher in mega U.S. IPO


A man walks past a Didi logo at the headquarters of Didi Chuxing in Beijing China November 20 2020. REUTERSFlorence LoFiles

A man walks past a Didi logo at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo/Files

(Reuters) - Chinese ride-hailing giant Didi Global Inc shares were set to open more than 14% higher in their New York Stock Exchange debut on Wednesday, which would value the SoftBank-backed company at more than $77 billion.

At 11:20 a.m. ET, Didi shares were indicated to open between $15 and $16, compared with the initial public offering price of $14 per share.

Unlock 30% Savings on Ad-Free Access Now!

Monthly Plan

RM13.90/month
RM9.73 only

Billed as RM9.73 for the 1st month then RM13.90 thereafters.

Annual Plan

RM12.33/month
RM8.63/month

Billed as RM103.60 for the 1st year then RM148 thereafters.

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read


Want to listen to full audio?

Unlock unlimited access to enjoy personalise features on the TheStar.com.my

Already a member? Log In