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Chinese Ride Hailing Giant Didi Announces US IPO Filing

On June 27, in front of the SAIC Motor Exhibition Center in Shanghai, China, a self-driving car with a major dispatcher, Didi.


Photo:

Wang Xiang / Zuma Press

Chinese ride-hailing giant Didi Chuxing Technology Co. released its IPO documents on Thursday, raising billions of dollars in the United States in July and preparing to open a listing.

Didi submitted under the official name of Xiaoju Kuaizhi Inc. could earn a valuation of more than $ 70 billion …, said people familiar with the matter. ..

According to people familiar with the matter, the company plans to raise about 8% to 10% of the valuation in this release, a person familiar with the matter said.

Write to Collie Dolly Bush corrie.driebusch@wsj.com

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Chinese Ride Hailing Giant Didi Announces US IPO Filing

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