The Chinese company Didi went public a few days ago. Going public means that the company is on the Stock market, and investors can buy small “parts” of the company. Didi is a ridesharing company, like Uber. Yesterday, even though Didi priced its shares at $14, it’s shares started the day at $16.65. The market closed at $14.20 per share for Didi. One common mistake that people make about stock prices is that if the stock price is low, the company is small, and if the stock price is high, the company is big. Well, even though Didi has a small stock price, it is worth $65 billion. That is a very high price for a company that just went public. When Apple went public, it was worth less than $2 billion.
Source: https://www.pymnts.com/news/
