DiDi Global Inc. is set to list on the NYSE with a base offering size of 288 million ADSs, representing 100% primary, and an over-allotment option of 43.2 million ADSs, representing 15% of the base offering. The company aims to raise up to $1.25 billion in aggregate, with Morgan Stanley Investment Management indicating an interest of up to $750 million and Temasek indicating an interest of up to $500 million. The company plans to use 30% of the proceeds to grow its presence in selected international markets outside of China, 20% for other general corporate purposes, and the remaining funds for investing in technology capabilities. DiDi Global is the world's largest mobility technology platform, with 493 million annual average daily active users and over 20 countries served. The company offers a range of services, including public bike, e-bike, carpooling, hitch, piggy, transit, express taxi, express premier, and luxury solutions. The company is also building the future of mobility by mass rolling out purpose-built EVs, conducting a full comprehensive commercialization of shared mobility, and leading the world's largest commercial pilot of L4 autonomous driving.
