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This Article is From Jul 01, 2021

Didi Hops to Top of Retail Favorite’s Leaderboard Right at Debut

Didi Hops to Top of Retail Favorite’s Leaderboard Right at Debut

Chinese ride-hailing giant Didi Global Inc. is already a darling of day traders after its $4.4 billion U.S. initial public offering.

The stock ranked as the top trade at Fidelity's platform Wednesday, with about 27,000 shares on buy orders as of 2:10 p.m. in New York. That's almost triple runner-up Exela Technologies Inc., according to data from the brokerage.

Didi rallied as much as 29% to $18.01 a share in its trading debut after being sold at $14 each. The offering is the second largest U.S. listing by a Chinese company, behind Alibaba Group Holding Ltd.'s $25 billion debut in 2014, according to data compiled by Bloomberg.

Read More: Didi Jumps After Second-Biggest U.S. IPO by a Chinese Company

©2021 Bloomberg L.P.

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