Didi to go public Wednesday at $14 a share

According to media reports, Didi Global Inc.'s initial public offering was priced at $14 per share. Didi DIDI, a Chinese company, stated in its IPO filing it expected to price its shares between $13 and $14. The company's value would rise to more than $67 billion at $14 per share. Its total value would also increase to more than $70 trillion if it was fully diluted. On Wednesday, Didi shares will begin trading on the New York Stock Exchange under DIDI. According to the Wall Street Journal who cited people familiar in the matter, Didi went public after a three-day roadshow that lasted three days. The Wall Street Journal reported the company's IPO price, and claimed it had sold more shares, than it intended. Check out Didi IPO: 5 Things to Know About the Ride-Hailing Company as It Strives to Raise Nearly $4 Billion Didi, with 377 million active users in China annually, and operations in 15 other countries will have a market capitalization that is second only to Uber Technologies Inc. UBER (-0.68%), its largest rival.