Chinese ride-hailing giant Didi Chuxing had a big year, vanquishing Uber in China. In the wake of that deal, one of Didi’s mutual fund investors raised its expectation for Didi’s revenue growth rate to more than 150% next year, from 99%, securities filings suggest.
Meanwhile, mutual funds have pushed back the date they expect some companies, such as Dropbox and Domo, to go public or be sold, filings show. Those changes likely reflect how a slow IPO market this year reset the clock.
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More companies are being valued on a multiple of future earnings instead of revenues, reflecting the maturation of some companies.
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