Jim Cramer, CNBC's CNBC anchor, endorsed Monday's initial public offering of Didi shares in the United States. The company is a Chinese-like Uber and will begin trading publicly in the U.S. next week.The "Mad Money host" stated that the valuation seemed "imminently reasonable". If you are looking to speculate on a Chinese stock exchange, I'm happy to endorse Didi. I would like to acquire as many shares as possible."Didi will list Wednesday at the New York Stock Exchange under the ticker symbol DIDI. It expects that its stock will be priced between $13 to $14 per share, which could allow Didi to achieve a valuation in excess of $60 billion. It could bring in more than $4 billion, making it one of the largest IPOs of 2021.Cramer stated that there are antitrust concerns, but so long as they remain on the side of the Communist Party, Cramer agreed. "I don't think they'll have any trouble with regulators."According to a report, China's market regulator is investigating whether Didi unfairly eliminated smaller competitors and if its pricing practices are transparent enough. China has been examining other companies such as Tencent and Alibaba.Didi earned $21.6 billion in revenue last fiscal year. According to Didi, the company made a profit last quarter with $6.4 billion in revenue.Didi was ranked No. CNBC Disruptor 50 ranked Didi No. 5.
