BEIJING -- Didi Chuxing, China's top ride-hailing company, is preparing an initial public offering in the U.S., Nikkei has learned. The IPO is expected to value the company at around $70 billion to $100 billion. Didi is expected to use the billions of dollars it stands to gain from the IPO to fund a global expansion.
Sources say Didi has started working with the U.S. Securities and Exchange Commission toward an IPO on the New York Stock Exchange.
