When is Didi IPO?
It will make its public debut on the NYSE on June 30 at a price of $14 a share. The company is selling 288 million shares and is expected to raise nearly $4 billion. Its target valuation is between $62.3 billion and $67.1 billion. DiDi reported $21.6 billion in revenue in 2020. InvestopediaDiDi Global (DIDI) IPO: What You Need To Know
Is Didi a good stock to buy?
In a research note, Xiao said Didi has a secure position, dominating the Chinese ride-sharing market, with a share of more than 80%, multiple years of growth, and “best-in-class margins.” ... Didi shares are expected to start trading on Wednesday on the NYSE under the symbol DIDI. Barron'sBuy Didi Global Stock, Analyst Says. It Began Trading Today.
When is Krispy Kreme IPO?
Krispy Kreme Inc. (DNUT) is expected to go public for the second time on July 1, 2021. ForbesDough-Not Buy Krispy Kreme’s Overpriced IPO
30 June, 2021 - 04:11pm
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UBS Global Wealth Management head David Lefkowitz argues the Fed isn't offering any indications that the bull market is ending.
Shares of the China-based ride-hailing giant opened for trading at $16.65 after pricing at $14 on Tuesday evening. They were expected to price between $13 and $14 apiece.
Strong demand allowed Didi to sell 316.8 million American depository shares (ADS), up from the planned 288 million shares. One Didi ADS is equal to 25% of one ordinary share. The ADS trade under the ticker symbol DIDI.
Wednesday’s U.S. IPO raised $4.4 billion and valued the company at $73 billion on a fully diluted basis. Didi plans to use the proceeds from its IPO to invest in technology and to fund international growth.
The IPO was the second largest by a Chinese company on a U.S. exchange, trailing only Alibaba’s $25 billion debut in 2014. The offering was led by Goldman Sachs Group Inc., Morgan Stanley and JPMorgan Chase & Co.
Didi's largest investor is Japanese conglomerate SoftBank, which owns a 20.2% stake. Uber, which exited China after losing out to Didi, controls 12%. China's Tencent holds 6.4%.