Monday | April 12, 2021

HK IPO in 2021 with Goal Valuation of $60B? Didi Chuxing Refutes Declare

(Supply: Didi Chuxing)

Main Chinese language ride-hailing platform Didi Chuxing was stated to hunt submitting for an preliminary public providing in Hong Kong with a goal valuation of $60 billion, Reuters reported, citing folks accustomed to the matter. Didi Chuxing later refuted the rumor, repudiating any conjecture in regards to the firm’s IPO schedule.

This isn’t a primary for the market to witness a Didi Chuxing IPO rumor.

The corporate was stated to go public as early as 2016 when Bloomberg cited folks accustomed to the matter that Didi Chuxing was aiming for an IPO in New York the next 12 months. “We don’t have any such plan or schedule,” Didi Chuxing’s spokesperson stated in a press release.

SEE ALSO: Didi Chuxing Issues 100M Yuan Driver Subsidy on the Most Difficult Day for Ride-Hailing in 2020

Forbes in December 2018 reported that Didi was seeking to IPO in early 2019 with a valuation $80 billion and Pandaily on July 12 reported that Didi was planning for a HK$600 billion IPO by the top of 2020.

The Beijing-based firm is backed by funding giants together with Tencent, Alibaba and Softbank.

Established in July 2012, the ride-hailing big has gone by 19 rounds of financing, with the most recent spherical being the strategic spherical value $600 million, supported by Toyota in July 2019.

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