Didi raises $4.4 billion in upsized US IPO

Logo of Didi Chuxing is seen at its headquarters building in Beijing. Credit: Reuters Photo

Chinese riding hailing giant Didi Global Inc raised $4.4 billion by pricing its shares at $14 each in its upsized New York initial public offering on Wednesday.

Didi sold nearly 316.8 million American Depository Shares (ADS), versus the planned 288 million.

Also read — After $4.4 billion New York IPO, founders of China's Didi eye global growth