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China’s Didi Chuxing Plans to Raise Up to $4 Billion in U.S. IPO

By Juro Osawa
· · Source: The Information

Chinese ride-hailing giant Didi Chuxing plans to raise as much as $4 billion in its U.S. initial public offering at a valuation of up to $67 billion, according to the company’s filings. Didi’s targeted valuation is less than the $70 billion-plus price tag many bankers had previously expected. The Chinese company said in the filing that it expects its IPO price to be between $13 and $14 per...

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