Didi Chuxing, the Chinese ride-hailing company, unveiled filings for a public share offering in the US, setting out the financial damage the pandemic did to its business last year and the strength of the rebound so far this year — and setting the stage for one of the largest international listings of 2021.
Didi operates the dominant ride hailing app in China and has recently expanded across the globe, while also ploughing money into electric vehicles and autonomous driving research.
Private investors previously valued Didi at $65bn during a round of fundraising in 2018, according to one person briefed on the matter, and the company would likely seek a higher valuation during the public offering.
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