Didi Gains 1% After Second-Biggest U.S. IPO by Chinese Company

Caixin Global | Jul 1, 2021 at 8:26 AM
  • Chinese ride-hailing giant Didi Global Inc. closed its U.S. trading debut up 1% after raising $4.4 billion in an initial public offering (IPO).
  • The offering was the second-largest U.S. listing by a Chinese company, trailing only Alibaba Group Holding Ltd’.s $25 billion IPO in 2014.
  • The company plans to use the IPO funds to invest in technology, expand its presence in some international markets and introduce new products.