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Blockbuster IPO Day Produces Big Gains for Uber, Delta Air Lines and Tech VCs


Uber and Tencent joined SoftBank as the biggest stakeholders in Chinese ride-hailing service Didi Chuxing, which debuted on Wednesday on the New York Stock Exchange and closed with a market cap of $67.8 billion. Delta Air Lines is one of the top investors in airport security vendor Clear, which rang the opening bell at the NYSE.
Among venture firms, New York s Insight Partners had the biggest day, thanks to its $1.45 billion stake in cybersecurity software company SentinelOne, while Highland Capital owns shares worth over $500 million in Xometry, a manufacturing marketplace.
There s plenty of money to go around for private equity firms as well. Francisco Partners owns over a quarter of LegalZoom, which celebrated by opening on the Nasdaq on Wednesday, and ad tech-company Integral Ad Science is majority owned by Vista. Integral rang the Nasdaq s closing bell. ....

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