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Didi Global Inc. targets US$60 billion valuation in its NY stock exchange debut

Didi Global Inc., the largest Chinese ride-hailing firm, is gearing up to close investor order books for its US initial public offering (IPO) to target a valuation of more than US$60 billion. Didi is likely to set a price range of its American Depositary Share (ADS) from $13 to $14 and plans to offer 288 million of such shares in the IPO. The company might sell an extra 43.2 million shares to raise an additional $605 million.

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