SoftBank, Uber and Tencent are the largest external shareholders of the on-demand ride service, which has floated in an upsized $4.44bn offering.
Didi Global, the China-headquartered ride hailing service backed by corporates SoftBank, Alibaba, China Life, Tencent, Apple, Booking Holdings, Ping An, eHi and Sina Weibo, went public today in a $4.44bn initial public offering.
The company increased the amount of shares in the offering from 288 million American Depositary Shares (ADSs), with four ADSs equalling one class A share, to approximately 317 million. They were priced at the top of the IPO’s $13 to $14 range and it floated on the…
