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asia

Didi Chuxing Said to Seek an IPO as Early as This Summer

By
Shai Oster
· · Source: Bloomberg

Didi Chuxing, the Chinese ride-hailing giant that’s bounced back from Covid and a regulatory crackdown, is speeding up plans for an initial public offering, and could list as soon as this summer, Bloomberg reported. Bloomberg said the company is targeting a valuation above the $62 billion it reached in its last round of private financing, and could raise some $9 billion if it were to pursue a...

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