Apple-backed Chinese ride service Didi Chuxing files privately for IPO with ~$100B valuation

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By Yoongi in Business
Updated 3 years ago

Earlier this morning, Reuters reported that the popular Didi Chuxing Chinese ride service was eying a US initial public offering with Goldman Sachs and Morgan Stanley leading the effort. Now it’s come to light that the company has already confidentially filed for the IPO. Notably, Apple invested $1 billion in Didi back in 2016 which also gave it a seat on the ride service’s board.

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