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Didi Chuxing Said to Eye 2021 for IPO

By
Shai Oster
· · Source: Reuters

China’s ride-hailing giant Didi Chuxing is eyeing an initial public offering in 2021, Reuters reported. The company will formally appoint bankers to run the listing in the coming months, which will likely be planned for Hong Kong’s market instead of  New York as U.S.-China tensions rise, the report said. The report said Didi would be seeking a valuation above $60 billion, not far off from...

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