Chinese Ride-Hail Startup Didi Going Public

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By Hernandez in Business
Updated 3 years ago

China’s ride-hail behemoth Didi Chuxing is going public with Goldman Sachs and Morgan Stanley, Bloomberg reported on Friday (April 9), citing sources. The mobile transportation platform just notched $1.5 billion of debt financing as it looks ahead to a U.S. initial public offering (IPO). The Softbank-backed startup has signed on with JPMorgan Chase & Co., Morgan Stanley, Goldman Sachs, HSBC Holdings, Barclays, and Citigroup, Bloomberg reported per sources.

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