Shares of DiDi Global (DIDI) began trading on the New York Stock Exchange at $16.65 apiece. The company was founded in 2012 and operates across 15 countries. The opening price represented a jump of 19% from Didi Global’s IPO price of $14 per American depositary share on Tuesday.
The company said it sold 316.8 million shares to raise $4.4 billion, making it one of the largest initial public offerings of a Chinese company in the U.S. since Alibaba’s $25 billion listings in 2014.
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“We believe China is the best starting place for realizing our vision for mobility. China’s massive and urbanizing population presents opportunities for new mobility services,” DiDi mentioned in its prospectus.