{"id":117354,"date":"2021-06-29T10:59:32","date_gmt":"2021-06-29T10:59:32","guid":{"rendered":"https:\/\/fin2me.com\/?p=117354"},"modified":"2021-06-29T10:59:32","modified_gmt":"2021-06-29T10:59:32","slug":"didi-flags-ipo-share-price-at-top-of-range-or-above-source","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/didi-flags-ipo-share-price-at-top-of-range-or-above-source\/","title":{"rendered":"Didi flags IPO share price at top of range or above – source"},"content":{"rendered":"
HONG KONG (Reuters) -Chinese ride hailing giant, Didi Global Inc, will price shares in its U.S initial public offering (IPO) at the top of the indicated range or above, according to a source with direct knowledge of the matter.<\/p> Didi is selling 288 million American Depository Shares (ADS) with a price range of $13 to $14 each.<\/p>\n At the top of the range, the IPO would raise $4.03 billion which would value Didi at $67.2 billion.<\/p>\n The source could not be named as the information has not yet been made public.<\/p>\n Didi did not immediately respond to a request for comment.<\/p>\n The final price of the shares is due to be set at the U.S market close on Tuesday, according to term sheets seen by Reuters.<\/p>\n The IPO was covered early on the first day of the bookbuild last week and the investor books were closed on Monday, one day ahead of schedule..<\/p>\n The book is covered multiple times by investors, two sources told Reuters on Tuesday.<\/p>\n An over-allotment option, or greenshoe, exists where a further 43.2 million shares can be sold to increase the size of the deal.<\/p>\n Didi shares are due to start trading on Wednesday in New York, according to a term sheet.<\/p>\n