China’s Didi raises $4.4 BLN

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According to two sources familiar with the matter, on Tuesday, Chinese ride-hailing company Didi Global. The top of its indicated range and increasing the number of shares sold.

The people said on condition of anonymity ahead of an official announcement, Didi sold 317 million American Depository Shares (ADS).

The company decided to increase the deal size came after the Didi investor order book and they expected to debut on the New York Stock Exchange on June 30. They did not respond to a request for comment.

The size of the deal with investors ahead of the IPO’s launch. the chance of greater regulation  $100 billion targets.

They said it would not comment on “unsubstantiated speculation from an unnamed source.

The listing, which will be the biggest U.S. share sale by a Chinese company since Alibaba raised $25 billion in 2014, comes amid record and volatile IPO activity this year.

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