China’s ride-hailing firm Didi Chuxing reveals it is filing for US stock market listing

Didi Chuxing, China’s biggest ride-hailing firm, on Thursday made public its filing for a US stock market listing, setting the stage for what is expected to be the world’s biggest initial public offering this year.The company – backed by Asia’s largest technology investment firms, SoftBank, Alibaba and Tencent – did not reveal the size of the offering, but sources familiar with the matter had previously told Reuters that the ride-hailing giant could raise around US$10 billion and seek a… …read more

Source:: SCMP – United States & Canada

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