52. DiDi IPO Debuts | $DIDI Analysis w/ Taylor Ogan
Shares of Didi Chuxing jumped more than 14% Thursday morning, a day after the ride-share giant made its modest market debut. With Thursday’s gains, the company’s market cap jumped to more than $77 billion. Didi ride sharing service, which was founded in 2012, said in its IPO prospectus that it has 493 million annual active riders, and 41 million average daily transactions. It began expanding internationally in 2018, and the company now operates in 14 countries outside of China, with Brazil and Mexico being the largest contributors.