<p>Chinese ride-hailing giant, Didi Global Inc, will price shares in its US initial public offering (IPO) at the top of the indicated range or above, according to a source with direct knowledge of the matter.</p>.<p>Didi is selling 288 million American Depository Shares (ADS) with a price range of $13 to $14 each.</p>.<p>At the top of the range, the IPO would raise $4.03 billion which would value Didi at $67.2 billion.</p>.<p>The source could not be named as the information has not yet been made public.</p>.<p>Didi did not immediately respond to a request for comment.</p>.<p>The final price of the shares is due to be set at the US market close on Tuesday, according to term sheets seen by <em>Reuters</em>.</p>.<p>The IPO was covered early on the first day of the bookbuild last week and the investor books were closed on Monday, one day ahead of schedule..</p>.<p>The book is covered multiple times by investors, two sources told <em>Reuters</em> on Tuesday.</p>.<p>An over-allotment option, or greenshoe, exists where a further 43.2 million shares can be sold to increase the size of the deal.</p>.<p>Didi shares are due to start trading on Wednesday in New York, according to a term sheet.</p>
<p>Chinese ride-hailing giant, Didi Global Inc, will price shares in its US initial public offering (IPO) at the top of the indicated range or above, according to a source with direct knowledge of the matter.</p>.<p>Didi is selling 288 million American Depository Shares (ADS) with a price range of $13 to $14 each.</p>.<p>At the top of the range, the IPO would raise $4.03 billion which would value Didi at $67.2 billion.</p>.<p>The source could not be named as the information has not yet been made public.</p>.<p>Didi did not immediately respond to a request for comment.</p>.<p>The final price of the shares is due to be set at the US market close on Tuesday, according to term sheets seen by <em>Reuters</em>.</p>.<p>The IPO was covered early on the first day of the bookbuild last week and the investor books were closed on Monday, one day ahead of schedule..</p>.<p>The book is covered multiple times by investors, two sources told <em>Reuters</em> on Tuesday.</p>.<p>An over-allotment option, or greenshoe, exists where a further 43.2 million shares can be sold to increase the size of the deal.</p>.<p>Didi shares are due to start trading on Wednesday in New York, according to a term sheet.</p>