Chinese ride-hailing giant Didi Global has ended its first day on the New York Stock Exchange with a valuation of $68.49bn (£49.6bn).
That is even as its shares closed just 1% higher than their $14 offering price after slipping back from earlier strong gains.China's answer to Uber raised $4.4bn in the Initial Public Offering (IPO).
It is the latest in a series of Chinese companies to cash in on the booming US stock market.
Didi had originally hoped for a valuation of as much as $100bn. Didi, like the majority of ride-hailing platforms, had been loss-making until it reported a $30m profit for the first three months of this year.
The company's founder Cheng Wei has said he had the idea to launch a ride-hailing platform in 2012 after he struggled to book a taxi on a freezing night in Beijing.