Didi to close order books for its IPO on Monday

Two people with knowledge of the matter have confirmed that 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.

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

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.

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.

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