Didi files to raise US$4 billion in New York IPO, helping China’s dominant ride-hailing app catch up with Uber in value

//Didi files to raise US$4 billion in New York IPO, helping China’s dominant ride-hailing app catch up with Uber in value

Didi files to raise US$4 billion in New York IPO, helping China’s dominant ride-hailing app catch up with Uber in value

Didi Chuxing has applied to raise up to US$4 billion in New York, as China’s dominant ride-hailing app pushes ahead with the largest initial public offering (IPO) by a Chinese company in the United States since 2014 under a cloud of antitrust investigations at home.The Beijing-based company, filing under the name Xiaoju Kuaizhi, plans to sell 288 million American depositary shares (ADS) at between US$13 and US$14 each, according to a regulatory filing with the US Securities and Exchange…

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By | 2021-06-25T01:32:58+00:00 June 25th, 2021|Technology|Comments Off on Didi files to raise US$4 billion in New York IPO, helping China’s dominant ride-hailing app catch up with Uber in value