News Snapshot:
Didi Chuxing has applied to raise up to US$4 billion in New York, as China’s dominant ride-hailing app pushes ahead with the largest initial public offering (IPO) by a Chinese company in the United States since 2014 under a cloud of antitrust investigations at home. The Beijing-based company, filing under the name Xiaoju Kuaizhi, plans to sell 288 million American depositary shares (ADS) at between US$13 and US$14 each, according to a regulatory filing with the US Securities and Exchange Commission on Friday. The offering values Didi at about US$67 billion at the top end of its price range, almost...
