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On a big day for initial public offerings, cybersecurity provider SentinelOne Inc. today saw its share price soar in its first trading as a public company, but Chinese ride-hailing Didi Global Inc. rose only slightly in its debut.

SentinelOne’s shares jumped 21% by the close of trading today. The company, which filed for an IPO on June 4, had set its float price at $35 per share, according to reports.

At $35 per share, SentinelOne had a market value of $8.87 billion based on outstanding share listings and accounting for stock options. On a diluted basis, including stock options, SentinelOne would be valued of more than $10.5 billion, according to Bloomberg.

The company had previously set a price range of $26 to $29 per share. That figure was revised in a filing yesterday to $30 to $32 per share. SentinelOne plans to file of the New York Stock Exchange under the ticker symbol “S.”

Didi Global, previously known as Didi Chuxing Technology Co., saw its shares rise 19% in initial trading but they fell back considerably, closing up only 1% on the day. The ride-hailing company had has set its IPO offering a $14 per share, the upper end of its previous price guidance of $13 to $14 per share.

The Wall Street Journal reported that at the offering price, Didi would have a market capitalization of more than $67 billion, trailing Uber Technologies Inc.’s current market cap of $95 billion but ahead of Lyft Inc., which has a market cap of $20 billion.

Uber, along with SoftBank Group Corp. will be two of the biggest winners from Didi’s float. Uber has been a significant shareholder in Didi since it sold Uber China to Didi in 2016, while SoftBank is a major investor in the company as well. Didi will list on the NYSE under the stock ticket “DIDI.”

SentinelOne and Didi are not the only two companies going public on Wednesday. BNN Bloomberg reported that multiple other companies are also scheduled to go public on U.S. exchanges in what will be a “banner day for initial public offerings in what is set to be the biggest week of the year.”

Other companies set to go public include LegalZoom.com Inc., an online legal technology company seeking to raise up to $516 million; biometric security company Clear Secure Inc., which has set its share price at $31 per share and is seeking to raise around $400 million; software company Intapp Inc., looking to raise as much as $294 million; industrial parts marketplace provider Xometry Inc., hoping to raise almost $289 million; and Integral Ad Science Holding LLC, a digital advertising technology startup aiming for up to $255 million.

With reporting from Robert Hof

Photo: SentinelOne