Chinese ride-hailing giant Didi files for US IPO

The firm, which describes itself because the world’s largest mobility platform, affords journey hailing, taxi and carpooling companies in China. Didi can also be investing in autonomous driving. It intends to record on both the New York Stock Exchange or the Nasdaq, underneath the ticker DIDI. The submitting didn’t disclose how a lot the corporate plans to lift within the IPO.

Didi stated it operates in 15 international locations, however greater than 93% of its gross sales come inside China. It posted a revenue of $837 million within the first three months of this 12 months after full-year losses in 2018, 2019 and 2020.

Didi’s principal shareholders embody Softbank’s imaginative and prescient fund, Uber (UBER) and Tencent, in line with the SEC submitting.

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