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. 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.