Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut-To The Moon - Tiger Brokers Online Investing Community - To The Moon

11
Comment
Favorite

Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut

Dow Jones2021-07-01

MW Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut

By Levi Sumagaysay

Didi among ten companies debuting on crowded IPO day ahead of July Fourth holiday

Didi Global Inc.'s shares rose more than 20% in their U.S. public market debut Wednesday as the Chinese ride-hailing giant rode a wave of initial public offerings ahead of the July Fourth holiday.

Didi opened at $16.65 after declaring an offering price of $14 a share. It raised $4.4 billion by selling 316.8 million shares, more than the 288 million American depositary shares it had planned to offer. The IPO came on a day when at least ten companies had their trading debuts, including legal-tech provider LegalZoom.com Inc .

The company's market cap reached about $77 billion immediately after trading opened, putting it behind U.S. counterpart Uber Technologies Inc. $(UBER)$, which has a market value of about $95 billion. Didi, which was founded in China in 2012, bought Uber's Chinese business in 2016, and has since grown to serve 377 million annual active users in China alone while operating in 15 other countries. Besides ride-hailing, the company has delivery and freight businesses and more.

For more: 5 things to know about Didi as it goes public

Didi has no ride-hailing business in the United States but has a research and development office in Silicon Valley that's mostly focused on autonomous vehicles.

-Levi Sumagaysay; 415-439-6400; AskNewswires@dowjones.com

$(END)$ Dow Jones Newswires

June 30, 2021 13:16 ET (17:16 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

11

Report

Comment

empty

No comments yet

Most Discussed

7x24

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2148881060?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-07-01 01:16","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2148881060","market":"us","top_or_hot":-1,"title":"Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut","media":"Dow Jones","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut\n</p>\n<p>\n  By Levi Sumagaysay \n</p>\n<p>\n  Didi among ten companies debuting on crowded IPO day ahead of July Fourth holiday \n</p>\n<p>\n  Didi Global Inc.'s shares rose more than 20% in their U.S. public market debut Wednesday as the Chinese ride-hailing giant rode a wave of initial public offerings ahead of the July Fourth holiday. \n</p>\n<p>\n  Didi  opened at $16.65 after declaring an offering price of $14 a share. It raised $4.4 billion by selling 316.8 million shares, more than the 288 million American depositary shares it had planned to offer. The IPO came on a day when at least ten companies had their trading debuts, including legal-tech provider LegalZoom.com Inc . \n</p>\n<p>\n  The company's market cap reached about $77 billion immediately after trading opened, putting it behind U.S. counterpart Uber Technologies Inc. <a href=\"https://laohu8.com/S/UBER\">$(UBER)$</a>, which has a market value of about $95 billion. Didi, which was founded in China in 2012, bought Uber's Chinese business in 2016, and has since grown to serve 377 million annual active users in China alone while operating in 15 other countries. Besides ride-hailing, the company has delivery and freight businesses and more. \n</p>\n<p>\n  For more: 5 things to know about Didi as it goes public  \n</p>\n<p>\n  Didi has no ride-hailing business in the United States but has a research and development office in Silicon Valley that's mostly focused on autonomous vehicles. \n</p>\n<p>\n  -Levi Sumagaysay; 415-439-6400; AskNewswires@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 30, 2021 13:16 ET (17:16 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDidi IPO: Chinese ride-hailing giant's stock climbs 20% in debut\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-01 01:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>MW Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut\n\n\n  By Levi Sumagaysay \n\n\n  Didi among ten companies debuting on crowded IPO day ahead of July Fourth holiday \n\n\n  Didi Global Inc.'...</p>\n\n<a href=\"http://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DIDI","symbol_name":"滴滴(已退市)","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2148881060","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2148881060","pubTimestamp":1625073360,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"MW Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut\n\n\n  By Levi Sumagaysay \n\n\n  Didi","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DIDI":"滴滴(已退市)","S":"SentinelOne, Inc","UBER":"优步","LZ":"LegalZoom.com, Inc"},"translate_title":"滴滴首次公开募股：中国打车巨头首次上市股价上涨20%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DIDI":0.9,"LZ":0.9,"S":0.9,"UBER":0.9},"content_text":"MW Didi IPO: Chinese ride-hailing giant's stock climbs 20% in debut\n\n\n  By Levi Sumagaysay \n\n\n  Didi among ten companies debuting on crowded IPO day ahead of July Fourth holiday \n\n\n  Didi Global Inc.'s shares rose more than 20% in their U.S. public market debut Wednesday as the Chinese ride-hailing giant rode a wave of initial public offerings ahead of the July Fourth holiday. \n\n\n  Didi  opened at $16.65 after declaring an offering price of $14 a share. It raised $4.4 billion by selling 316.8 million shares, more than the 288 million American depositary shares it had planned to offer. The IPO came on a day when at least ten companies had their trading debuts, including legal-tech provider LegalZoom.com Inc . \n\n\n  The company's market cap reached about $77 billion immediately after trading opened, putting it behind U.S. counterpart Uber Technologies Inc. $(UBER)$, which has a market value of about $95 billion. Didi, which was founded in China in 2012, bought Uber's Chinese business in 2016, and has since grown to serve 377 million annual active users in China alone while operating in 15 other countries. Besides ride-hailing, the company has delivery and freight businesses and more. \n\n\n  For more: 5 things to know about Didi as it goes public  \n\n\n  Didi has no ride-hailing business in the United States but has a research and development office in Silicon Valley that's mostly focused on autonomous vehicles. \n\n\n  -Levi Sumagaysay; 415-439-6400; AskNewswires@dowjones.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  June 30, 2021 13:16 ET (17:16 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":11,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}