Didi Global's $4-billion IPO order books to close on Monday

Beijing | Hong Kong: China's biggest ride-sharing firm Didi Global Inc. will close the investor order books for its US initial public offering (IPO) to raise up to $4 billion one day early on Monday, said two people with direct knowledge of the matter.

The people could not be identified as the information is not yet public.

Didi did not respond to a request for comment.


The books will close at 5:00 pm in each region on Monday, the people said.

Didi set a price range of $13 to $14 per American Depositary Share (ADS), according to a regulatory filing 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. An over-allotment 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.