DIDIY News

J&J spin-off Kenvue (KVUE) dominated headlines last week, raising $3.8 billion in the largest US IPO since 2021, and the sixth-largest deal of the past 10 years. In many ways, Kenvue stands alone among the largest IPOs of the past decade: A mature, profitable business going public in a challenging environment provides stark contrast to the fast-growing, highly...read more

In the US IPO market’s busiest week since 2004, 19 IPOs raised nearly $10 billion, led by Chinese ride-hailing giant DiDi Global (DIDI). The second largest IPO of the year, DiDi (DIDI) upsized and priced at the high end to raise $4.4 billion at a $70.4 billion market cap. DiDi is China’s dominant ride-hailing app, with 15...read more

IPO Market Sets Another Post-2000 Record in the Second Quarter The US IPO market delivered another landmark quarter in the 2Q21, with 115 IPOs raising $40.7 billion. It was the biggest quarter for IPOs in over two decades in terms of both deal count and proceeds, a record that was just broken last quarter. After a...read more

DiDi Global, which operates China's largest ride-hailing network, raised $4.4 billion by offering 316.8 million ADSs at $14, the high end of the range of $13 to $14. The company offered 28.8 million more ADSs than anticipated. New investor Morgan Stanley and existing shareholder Temasek had indicated on up to $1.3 billion worth of ADSs in the offering. The company states that...read more