Chinese taxi service Didi filed for an IPO in the US with an estimate of $ 70-100 billion

The company planned to conduct an IPO at the end of the year, but changed plans.

  • The company has filed with the US Securities and Exchange Commission in confidence, sources familiar with the IPO told Bloomberg.

  • According to them, the investment banks Goldman Sachs and Morgan Stanley will be the organizers of the placement. The company plans to raise several billion dollars as a result of the IPO – how much and when, it is still unknown, sources say.

  • One source added that Didi is also exploring the possibility of a dual listing in Hong Kong at a later date. A spokesman for Didi declined to comment. Goldman Sachs and Morgan Stanley declined to comment.

  • In March, Reuters interlocutors said the company had chosen the New York stock exchange for its initial public offering – in the event of an IPO in Hong Kong, it could face tougher scrutiny. Didi has already been fined for using unlicensed vehicles, the newspaper wrote.

  • Initially, Didi planned an IPO at the end of 2021, but given the good results in the domestic market and active growth in the world, the service accelerated the preparation for the IPO, Bloomberg wrote.

  • Didi develops taxi service, car sharing, bike rental service and others. The company is backed by SoftBank, Alibaba and Tencent. In Russia, the company’s taxi service has been operating since August 2020.

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