Chinese chauffeur-driven car rental giant Didi Chuxing expects to raise between $ 3.7 billion and $ 4 billion with its listing on the New York Stock Exchange. The estimate is in the listing prospectus filed with the Sec. The company, which uses the name Xiaoju Kuaizhi, states in the document that it will sell approximately 288 million shares, at a unit price that has discounted between $ 13 and $ 14.
This IPO would be one of the largest for a tech company in 2021 and values the company over $ 60 billion. The app has established itself on the Chinese market after ousting Uber in 2016 which decided to merge its activities in China with those of Didi in exchange for a stake in the company. The Californian group currently holds 12.8% of Didi’s shares. The largest institutional shareholder is the Japanese fund Softbank, which holds 21.5% of the shares.
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(Il Sole 24 Ore Radiocor Plus)