China’s Didi Chuxing prepares for IPO on U.S. exchange

chinas didi chuxing prepares for ipo on u s exchange

Sumary of China’s Didi Chuxing prepares for IPO on U.S. exchange:

  • Didi Chuxing releases IPO documents The ride-sharing firm didn’t share the size of its offering, but sources had told Reuters previously that it could raise about $10 billion and seek a valuation near $100 billion..
  • In its Thursday filing, Didi revealed that revenue growth slowed last year due to the pandemic, which halted the global ride-sharing industry due to lockdowns around the world..
  • The ride-sharing company’s revenue more than doubled from 20.5 billion yuan in last year’s first quarter to 42.2 billion yuan (US$6.4 billion) for this year’s first quarter….

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