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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Pinterest’s Tardy CEO Shakeup
What timing! No one could say they were surprised that Ben Silbermann is stepping down as CEO of Pinterest—that’s something we’ve expected for a while. After all, while he and his co-founder, Evan Sharp, built the business into a public company worth $13 billion—even after the stock plunge of recent months—Silbermann lately has been grappling with falling user numbers in the U.S. No, what is...
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