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

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

Reuters2021-06-30

June 30 (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.

<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ FACTBOX-How do ride-hailing giants Didi and Uber compare?

NEWSMAKER-After $4.4 bln New York IPO, founders of China's Didi eye global growth

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

(Reporting by Noor Zainab Hussain in Bengaluru; Editing by Arun Koyyur)

((noor.hussain@thomsonreuters.com; Within U.S. +1 646 223 8780; Outside U.S. +91 80 6182 2663 or +91 80 3796 2663 ;))

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·2021-07-01
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