UBS Global Wealth Management head David Lefkowitz argues the Fed isn’t offering any indications that the bull market is ending.
Didi Global Inc. shares surged 19% Wednesday in their opening trade on the New York Stock Exchange.
Shares of the China-based ride-hailing giant opened for trading at $16.65 after pricing at $14 on Tuesday evening. They were expected to price between $13 and $14 apiece.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| DIDI | DIDI GLOBAL INC SPON ADS EA REP 0.25 ORD SH | 16.29 | -1.71 | -9.50% |
Strong demand allowed Didi to sell 316.8 million American depository shares (ADS), up from the planned 288 million. One Didi ADS is equal to 25% of one ordinary share.
Wednesday’s U.S. IPO raised $4.4 billion and valued the company at $73 billion on a fully diluted basis.
This is a developing story. Check back for updates.
