Didi's $4 bln IPO order books to close Monday - sources
China's biggest ride-sharing firm will close books at 5 p.m. in each region Monday, report says
HONG KONG - China's biggest ride-sharing firm Didi Global Inc will close the investor order books for its U.S. initial public offering (IPO) to raise up to $4 billion one day early on Monday, two people with direct knowledge of the matter said.
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The people could not be identified as the information is not yet public. Didi did respond to a request for comment.
The books will close at 5pm in each region on Monday, the people said.
China's biggest ride-sharing firm Didi Global Inc will close the investor order books for its U.S. initial public offering (IPO) to raise up to $4 billion one day early on Monday, two people with direct knowledge of the matter said. (Photo Illustrati
Didi set a price range of $13 to $14 per American Depositary Share (ADS), a regulatory filing showed on Thursday, and said it would offer 288 million such shares in the IPO. At the top of the range, the deal will raise $4.03 billion.
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An overallotment option could see the company sell an extra 43.2 million shares to raise up to an extra $605 million.
At the flagged price range, Didi would be worth $62.4 billion to $67.2 billion.