$DiDi Global Inc.(DIDI.US)$ gains 1% after second-biggest U.S. IPO by Chinese firm
Chinese ride-hailing giant Didi Global Inc. closed its U.S. trading debut up a mere 1% after raising $4.4 billion in an initial public offering.
The company’s American depositary shares opened Wednesday at $16.65, rising as much as 29% from the $14 offer price. The shares closed at 14 cents above that price, though, giving Didi a market value of about $68 billion. Accounting for stock options and restricted stock units, the company’s diluted value exceeds $71 billion.
$General Mills Inc(GIS.US)$ stock is slipping. Earnings beat, but the sales boost is over.
General Mills, owner of brands including Annie's and Cheerios, delivered an upbeat fiscal fourth quarter but warned top-line growth will continue to slow from boosted levels last year.
$Deutsche Bank AG(DB.US)$ suffers Hong Kong IPO setback
The bank will temporarily lose its ability to sponsor initial public offerings in Hong Kong after failing to line up replacements for two departing staffers.
Au Bon Pain Bought by Restaurant Franchisee Ampex
The acquisition is the latest in a string of deals pursued by restaurant operators, a sign of franchisees' growing power in the U.S. food industry.
Fox News Settles NYC Probe of Network's Work Culture for $1 Million
Fox News agreed to pay the New York City Commission on Human Rights a $1 million settlement to resolve an investigation of sexual harassment claims that occurred during the late Roger Ailes's tenure as head of the network.
(END) Dow Jones Newswires