Read Didi Chuxing U.S. IPO Date, Filing, Price, Promoters, Valuation & Listing Details and company data and Grey market price in Comments, Article Published in Initial public offering section on e akhabaar
Didi Chuxing looking for Public Issue to list itself on the stock exchange. The company planning to raise $4 billion through this IPO. It is a China-based firm but will be list on the NASDAQ very soon as per prediction. The company has filed a prospectus with SEC. Almost every detail about this IPO has been released and the remaining will be disclosed here. So, if you want to know then stay in this article till the last word.
Didi Chuxing U.S. IPO Date
The company was incorporated in 2012 by the founder Cheng Wei. It is based in Beijing, China. This firm is known for its tech services that are used around the world
The company was incorporated in 2012 by the founder Cheng Wei. It is based in Beijing, China. This firm is known for its tech services that are used around the world. Didi Chuxing is a technology Co. but popularly known as Didi Dache and Didi Kuaidi. Goldman Sachs (Asia) L.L.C., Morgan Stanley & Co. LLC, and J.P. Morgan Securities LLC are the leading underwriters on the deal. In total, there are 19 underwriters on the offering.
According to our prediction, Didi Chuxing IPO will be open from August 2021. Although the official date is yet to revealed by the company.
Didi Chuxing U.S. Listing Details
The issue size we already mentioned in this article and is a $4 billion Initial Public Offer. There is an almost a very huge number of shares. The filing says, 288 million shares will be available at the Price range of $13 and $14 each.
Currently, the firm operates in 16 countries and counts 493 million annual active users and 15 million active drivers. In the first quarter, it averaged 41 million daily transactions. No doubt the firm is going very well and maintains a good profit ratio for few years. Possibly, if this IPO goes well and everything stays correct as per the plan then the company will achieve a huge surge in its valuation.
Recently, the company shared the reports of annual revenue and on the basis of details given in the reports. They have $837 million in revenue of $6.4 billion. The upcoming funds through this Initial Public Offer (IPO) will be used to expand the technology of company and improve the level of tech.
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