Didi Chuxing, China’s Ride-Hailing Giant, Unveils U.S. IPO Filing
25 Articles
25 Articles
Chinese Ride-hailing App Didi Files For New York Listing
Ride-hailing giant Didi Chuxing has filed to list its shares in New York, a high-profile move by a Chinese tech firm in the United States despite soaring tensions between the superpowers, with reports saying it could be one of the biggest IPOs this year. The popular app has dominated the Chinese market ride-hailing market ever since it won a costly turf war against US titan Uber in 2016 and took over its local unit.
Chinese ride-hailing giant Didi files for US IPO
Didi, China’s giant ride-hailing company, filed paperwork for an initial public offering in the United States with the Securities and Exchange Commission on Thursday.The company, which describes itself as the world’s largest mobility platform, offers ride hailing, taxi and carpooling services in China. Didi is also investing in autonomous driving. It intends to list on either the New York Stock Exchange or the Nasdaq, under the ticker DIDI. The …
SoftBank, Uber, Tencent set to reap rewards from Didi IPO
After years of speculation, Didi Chuxing, China's ride-sharing behemoth, finally unveiled its IPO filing in the U.S., giving a glimpse into its money-losing history. Didi didn't disclose the size of its raise. Cheng Wei, Didi's 38-year-old founder owns 7% of the company’s shares and controls 15.4% of its voting power before the IPO, according to the prospectus.
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