A Chinese Ride-Hail Giant Partly Owned by Uber Is Going Public In the US

  • A Chinese Ride-Hail Giant Partly Owned by Uber Is Going Public In the US

    updated 4 days, 16 hours ago 1 Member · 1 Post
  • Anonymous

    June 11, 2021 at 2:21 PM
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    On Thursday, Chinese ride-hailing giant Didi Chuxing published its IPO filing documents to go public in the United States. Reports of Didi's valuation range from $70 billion to $100 billion, and the company is expected to raise billions in its offering.

    It’s not uncommon for Chinese companies to go public in the States, since it gives companies access to a deep well of capital and potential investors.. Didi’s IPO is expected to be one of the largest of the year and the largest one for a Chinese firm since Alibaba’s $25 billion IPO in 2014. Notably, Didi is partly owned

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