Published: July 2nd, 2021,
Last updated: August 18th, 2022
Ride-hailing service DiDi Chuxing made a successful debut on the Nasdaq technology exchange in New York on Wednesday. The company earned $4.4 billion. Its market capitalization was just under $68 billion at the close of trading. DiDi’s IPO is the second-largest by a Chinese company in the US. Online giant Alibaba raised $25 billion in its US IPO in 2014. The anchor investors include Morgan Stanley and Singapore’s sovereign wealth fund Temasek.