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IPO

Chinese ride-hailing giant Didi files for mega IPO in US

SoftBank, Uber and Tencent listed as largest backers

Didi Chuxing is China's biggest ride-hailing company, while Japan's SoftBank Group is its top shareholder. (Photo courtesy of Didi)

PALO ALTO, U.S. -- Didi Chuxing, China's largest ride-hailing company, filed Thursday to go public in the U.S. in what is expected to be one of the year's largest initial public offerings in tech.

Didi, which filed under its formal name of Xiaoju Kuaizhi Inc., could be valued at around $70 billion to $100 billion in the IPO, Nikkei previously reported. Thursday's registration statement said Didi plans to offer American depositary shares on Nasdaq or the New York Stock Exchange under the ticker symbol DIDI.

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