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Chinese ride-hailing firm Didi Chuxing (NYSE: DIDI) went public Wednesday, June 30.
The company has been called the “Uber of China.” IPO investors were all over this one, oversubscribing the book and forcing Didi to increase the deal size.
According to Reuters, the Didi IPO is the biggest U.S.
share sale by a Chinese company since Alibaba (NYSE: BABA) raised $25 billion in 2014.
The Didi Chuxing IPO has created a major buy opportunity for American investors.
The Alibaba IPO price was a whopping $68 and it still added a hefty 232% in a short time following its U.S.
It trades at $226 today.