Didi closes 1% up in debut on NYSE
Print Edition
Ride-hailing giant Didi closed up 1 percent on its New York Stock Exchange debut on Wednesday as investors saw potential in autonomous driving and the economies of scale of mobility services.
Didi raised US$4.4 billion after it put its price at the upper limit of the offering range of between US$13 and US$14 in one of this year鈥檚 largest IPOs, and became one of the 10 most valuable Chinese tech companies alongside Alibaba and Tencent.
Didi has China鈥檚 highest active user base of online mobility services 鈥 55.8 million as of last December 鈥 followed by HelloBike and MoBike, according to domestic private consultancy 100EC.
Recent IPOs of Chinese tech and digital services companies have been mixed. Didi opened at US$16.65 on Wednesday and climbed to US$18.01 before closing at US$14.14.
Last week, fresh food delivery service Miss Fresh fell below its offering price as the market priced in competition from other leading players in the sector and existing tech giants. It has since been trading below its US$13 offering price and closed at US$8.65 on Wednesday.
Grocery app Dingdong Maicai raised US$95.7 million in its NYSE IPO on Tuesday after pricing its shares at the lower end. It debuted flat but surged more than 60 percent on Wednesday. It had cut its IPO target 74 percent to US$94.4 million amid low investor sentiment.
鈥淒ingdong holds a leading position in delivery services and has gradually expanded market share through mini-warehouses to raise delivery efficiency, and new product offerings also helped push up its revenue,鈥 said Feng Cuiting at TF International Securities.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
