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Companies

Didi raises $4bn in US IPO but fails to match Uber valuation

China-ride hailer lands in New York amid concern over losses and regulatory curbs

Didi Chuxing's headquarters building in Beijing: The company is set for a U.S. listing on Wednesday.   © Reuters

HONG KONG -- Chinese ride-hailing giant Didi Chuxing heads for a landmark U.S. listing today, hoping its willingness to curb early expectations will help it avoid a first-day disappointment for investors.

Representatives of the company, backed by Softbank Group's Vision Fund and Tencent Holdings, got a shock during their two-week premarketing campaign, when they had hopes of swinging a $100 billion valuation similar to that of global rival Uber Technologies.

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