（Cover image source: Reuters）
On March 24th, according to Reuters, Didi Chuxing is more inclined to choose New York for its initial public offering (IPO), with a minimum valuation of $100 billion.
Sources said that Didi’s commercial activities, such as the use of unlicensed vehicles and part-time drivers, may face stricter regulatory scrutiny, making Hong Kong’s IPO an alternative.
It is said that Didi is also discussing the possibility of going public through a SPAC, but considering its valuation target, the feasibility is low.
Another source said that Didi is considering buying back part of the shares from existing shareholders and company executives before going public.
Based on the valuation target of $100 billion, Didi will be the largest IPO in the United States since Alibaba’s $25 billion listing in 2014. Of course, Didi has not yet disclosed any information about going public.
🔗Source: Reuters
This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.