Didi raises $4.4 billion in upsized U.S. IPO

FILE PHOTO: A Didi logo is seen at the headquarters of Didi Chuxing in Beijing, China November 20, 2020. REUTERS/Florence Lo

HONG KONG (Reuters) - Chinese riding hailing giant Didi Global Inc raised $4.4 billion by pricing its shares at $14 each in its upsized New York initial public offering on Wednesday.

Didi sold nearly 316.8 million American Depository Shares (ADS), versus the planned 288 million.

(Reporting by Scott Murdoch and Noor Zainab Hussain; Editing by Shounak Dasgupta)

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