UBER - Didi Global's $4B IPO order books to close today
Leonardo Patrizi/E+ via Getty Images Didi Global (DIDI) is closing investor order books for its U.S. IPO one day early today, according to Reuters, after setting a price range of $13 to $14 per American Depositary Share. By the numbers: 288M ADRs would be offered in the IPO. An overallotment option could also see China's biggest ride-sharing firm sell an extra 43.2M shares to raise another $605M. At the top of the range, the deal will raise $4.03B, meaning the company would be worth $62.4B-$67.2B. Principal stockholders in the offering include SoftBank (SFTBF) with a 21.5% stake, Uber (UBER) with 12.8% and Tencent (TCEHY) with 6.8%.
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Didi Global's $4B IPO order books to close today