Chinese ride-hailing company Didi priced its initial public offering at the top of its range at $14, according to media reports. The company is reportedly considering selling more shares than planned to raise more than $4 billion, and giving it a market cap of at least $67 billion.
Stay on top of the latest market trends and economic insights with Axios Markets. Subscribe for free
Why it matters: Didi will be the second largest U.S. IPO by a Chinese company after Alibaba, which raised about $25 billion from investors in 2014. Didi also famously acquired Uber's Chinese business after an expensive battle to win the market.
Like this article? Get more from Axios and subscribe to Axios Markets for free.