Coinspeaker reported earlier that Didi raised up to $4.4 billion in its Initial Public Offering ( IPO ) from the sales of 317 million American Depository Shares (ADS), up from the initially planned 288 million shares. The company attained a valuation of $80 billion at the high end of the daily spike with the current closing price giving a $67.8 billion market capitalization. These figures position Didi as one of the largest Chinese firms to make a public debut in the US, a feat Alibaba Group Holding Ltd (NYSE: BABA) recorded after hitting $25 billion in its 2014 IPO.