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Chinese ride-hailing company Didi priced its initial public offering at the top of its range at $14, according to media reports. The company is reportedly considering selling more shares than planned to raise more than $4 billion, and giving it a market cap of at least $67 billion. 

Why it matters: Didi will be the second largest U.S. IPO by a Chinese company after Alibaba, which raised about $25 billion from investors in 2014. Didi also famously acquired Uber's Chinese business after an expensive battle to win the market. 

Chinese ride-hailing giant Didi reportedly prices IPO shares at $14

Didi's listing on the NYSE will make it the second largest IPO by a Chinese company after Alibaba.

Signage outside the Didi Chuxing Technology Co. offices in Hangzhou, China. 

Signage outside the Didi Chuxing Technology Co. offices in Hangzhou, China. Photo: Qilai Shen/Bloomberg via Getty Images

Initial public offerings (IPO)

Chinese ride-hailing company Didi priced its initial public offering at the top of its range at $14, according to <a class="gtmContentClick" data-vars-link-text="media" data-vars-click-url="https://www.bloomberg.com/news/articles/2021-06-29/didi-said-to-price-u-s-ipo-at-top-to-raise-more-than-4-billion" data-vars-content-id="155f64e1-e7df-47fe-b925-8f9546a2cd40" data-vars-headline="Chinese ride-hailing giant Didi reportedly prices IPO shares at $14" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.bloomberg.com/news/articles/2021-06-29/didi-said-to-price-u-s-ipo-at-top-to-raise-more-than-4-billion" target="_blank">media</a> <a class="gtmContentClick" data-vars-link-text="reports" data-vars-click-url="https://www.wsj.com/articles/didi-ipo-pricing-imminent-after-lightning-round-roadshow-11624987451" data-vars-content-id="155f64e1-e7df-47fe-b925-8f9546a2cd40" data-vars-headline="Chinese ride-hailing giant Didi reportedly prices IPO shares at $14" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.wsj.com/articles/didi-ipo-pricing-imminent-after-lightning-round-roadshow-11624987451" target="_blank">reports</a>. The company is <a class="gtmContentClick" data-vars-link-text="reportedly" data-vars-click-url="https://www.reuters.com/business/chinas-didi-raises-4-billion-us-ipo-source-2021-06-29/" data-vars-content-id="155f64e1-e7df-47fe-b925-8f9546a2cd40" data-vars-headline="Chinese ride-hailing giant Didi reportedly prices IPO shares at $14" data-vars-event-category="story" data-vars-sub-category="story" data-vars-item="in_content_link" href="https://www.reuters.com/business/chinas-didi-raises-4-billion-us-ipo-source-2021-06-29/" target="_blank">reportedly</a> considering selling more shares than planned to raise more than $4 billion, and giving it a market cap of at least $67 billion. Why it matters: Didi will be the second largest U.S. IPO by a Chinese company after Alibaba, which raised about $25 billion from investors in 2014. Didi also famously acquired Uber&#x27;s Chinese business after an expensive battle to win the market.

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Chinese ride-hailing giant Didi reportedly prices IPO shares at $14

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