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Chinese rider Diddy reveals US IPO plan to Reuters

© Reuters. File Photo: On November 20, 2020, at Didi’s headquarters in Beijing, China, a man can be seen under the Didi logo. REUTERS / Florence Lo

(Reuters)-Chinese ride-hailing service company Didi announced an application for listing on the US stock market on Thursday, setting the stage for what is expected to be one of the world’s largest initial public offerings this year.

Didi, which merged with its major rival at the time in 2015 to create a giant for smartphone-based transportation services, allows users to call taxis, private cars, carpool options, and even buses in some cities. Mobile apps that can be used are counted as core businesses.

Diddy, supported by Asian technology investment giant Softbank Corporation Alibaba (NYSE :) Group Holding Ltd and Tencent Holdings Ltd (HK :) will be listed on the Nasdaq or New York Stock Exchange under the “DIDI” symbol, the company said.

Diddy CEO Chen Wei gained 800 million monthly active users worldwide last year and 100 million daily, including ride-sharing, bike and food delivery orders by 2022. He said he was aiming to complete his order.

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Chinese rider Diddy reveals US IPO plan to Reuters

Source link Chinese rider Diddy reveals US IPO plan to Reuters

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