Ride-hailing’s No. 2 provider in the United States first raised its target range and then expanded its offering to raise US$2.34bil. While the shares closed Friday up only 8.
7% compared with the 21% surge at the opening bell, that’s still a validation by public investors of the company’s pre-IPO valuation, said Barrett Daniels, a Deloitte partner who specialises in IPOs.
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