DiDi is set to make waves when it launches its initial public offering (IPO) in the U.S. if reports are to be believed.
Let’s take a dive into the DiDi IPO talk and what potential investors need to know about it.
- According to recent reports, DiDi is planning to launch its shares in the U.S.
- The company intends to do so through an initial public offering that could be valued at more than $60 billion.
- The report claims that DiDi is planning to list shares of its stock on the New York Stock Exchange.
- This would have it using the DIDI stock ticker for those shares.
- The company plans to list its stock as American Depositary Share and there will be a total of 288 million of them in the IPO.
- Each of these ADSs would be priced between $13 and $14 per share.
- Reports claim that four ADSs will represent one share of the company’s common stock.
- The exact date for the DiDi IPO is still unknown.
- However, it looks like the company wants to go public sometime next month.
- Investors interested in DiDi ahead of its public stock listing will want to know a few things about it first.
- For example, the ride-sharing company isn’t currently profitable.
- That’s despite it covering 90% of the Chinese ride-sharing market, as well as seeing revenue increase 5% yearly from 2018 to 2020.
- That means investors might not want to jump right into the DiDi IPO as soon as it launches.
DiDi isn’t the only company with recent IPO news that investors need to be aware of.
We’ve actually seen a couple of other companies go public recently. That includes the likes of Doximity (NYSE:DOCS), and Grove (NASDAQ:GRVI). You might as be interested in why Reddit is short squeezing Paysafe (NYSE:PSFE) stock today. You can find all of that information at the following links!
More Friday Stock Market News
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- PSFE Stock: Why Redditors Are Betting on a Big Short Squeeze for Paysafe
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
