Chinese ride-hailing company Didi files for IPO with something U.S. rivals haven’t offered: profit MarketWatch


Source: marketwatch.com marketwatch.com

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China’s largest ride-hailing service, Didi Chuxing, officially filed for a U.S. initial public offering Thursday with an odd inclusion for its sector: actual profit. Didi did not state a targeted amount to raise, nor name which exchange it intends to trade on, information that could come with updated filings with the Securities and Exchange Commission. It expects to list under the ticker symbol DIDI. The company — which filed under a parent company’s name, Xiaoju Kuaizhi Inc. — did reveal that it turned a profit in the first quarter after years of large losses, with financial records showing GAAP net...