From Bloomberg’s “Didi Chuxing Has Filed Confidentially for U.S. IPO” posted Friday:
Chinese ride-hailing company Didi Chuxing has filed confidentially with the U.S. Securities and Exchange Commission for an initial public offering, according to people with knowledge of the matter.
The company, which has tapped Goldman Sachs Group Inc.and Morgan Stanley as underwriters, is aiming to raise several billion dollars in the listing, the people said, asking not to be identified because the information is private.
It could be valued at as much as $70 billion to $100 billion, said the people.
My take: Apple invested $1 billion in Didi Chuxing back in 2016, notes friend-of-the-blog Michael Goldfeder. “Something to factor into the stock price moving forward,” he says.