initial public offerings (IPOs) trading on American exchanges

Wednesday, June 30, 2021

Didi Global (DIDI) began trading on the NYSE on Wed 30 June 21

DiDi Global Inc., a mobility technology platform, provides ride hailing and other services in the People's Republic of China, Brazil, Mexico, and internationally.
The company was formerly known as Xiaoju Kuaizhi Inc. and changed its name to DiDi Global Inc. in June 2021.
Chinese ride-hailing app Didi has more than 377m users and 13m drivers 
Cheng Wei is CEO of Didi Chuxing. Didi was formed in 2015 when Cheng's company Didi Dache merged with Alibaba-backed competitor Kuaidi Dache. Didi acquired Uber China in 2016.
  • Sector(s): Technology
  • Industry: Software—Application
  • Full Time Employees: 15,914
  • Founded in 2012 
  • Headquartered in Beijing, China.
Didi Global priced upsized 316.8 mln share IPO at $14/ADS, at the high end of the $13-14 expected range.
Opened at $16.65, hit a high of $18.01, and then tumbled. The stock closed at $14.14, up 14 cents from its offer price.

Liu Qing or Jean Liu, is the President of Didi. She worked at Goldman Sachs Asia for 12 years, becoming a managing director in 2012, before switching to Didi Dache serving as its chief operating officer in July 2014.

Liu was born in 1978 in Beijing. She is the daughter of Chinese businessman and Lenovo founder Liu Chuanzhi, and the granddaughter of Liu Gushu, a senior executive banker at the Bank of China.

A Didi autonomous-driving car is shown at the Volvo booth during Auto Shanghai 2021 in April.

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