Didi Chuxing was valued at $20 billion in 2016 when Apple invested $1 billion in the company.
From the Wall Street Journal’s “Didi Chuxing, China’s Ride-Hailing Giant, Unveils U.S. IPO Filing” posted last week:
Didi Chuxing Technology Co., the Chinese ride-hailing behemoth, made its IPO papers public on Thursday, setting the company up to raise billions and begin trading publicly in the U.S. in July.
Didi, which filed under its formal name of Xiaoju Kuaizhi Inc., could fetch a valuation upward of $70 billion, people familiar with the matter said, a number that could stretch even higher amid investors’ ravenous appetite for newly public, high-growth companies.
My take: According to Bloomberg Monday, Didi’s valuation post-IPO could reach $100 billion, which would push Apple’s stake to roughly $5 billion.