Apple-backed Chinese ride service Didi Chuxing files privately for IPO with ~$100B valuation


Source: 9to5mac.com 9to5mac.com

Key Topics in this News Article:

News Snapshot:

Reddit Earlier this morning, Reuters reported that the popular Didi Chuxing Chinese ride service was eying a US initial public offering with Goldman Sachs and Morgan Stanley leading the effort. Now it’s come to light that the company has allegedly already confidentially filed for the IPO. Notably, Apple invested $1 billion in Didi back in 2016 which also gave it a seat on the ride service’s board. Earlier this morning, Reuters reported that Didi was expected to file privately for its IPO sometime this month. However, it looks like that may have already occurred as tweeted by ZeroHedge . Along...