Didi Chuxing Technology readies itself for NASDAQ IPO


Didi Chuxing Technology, the Chinese Uber, is looking forward to an IPO in New York.

On Thursday, the taxi company reported that it has filed documents for an IPO with the American associate SEC.

The goal is to raise millions of dollars. At the beginning of July the First trade in the Didi share should find places.

At which American Stock Exchange Didi, which submitted the application to the SEC under the name Xiaoju Kuaizhi, gets a listing, is still unknown.

In 2020, Didi achieved revenue of about $ 22 billion, which was 8 percent less than a year earlier. There was a loss of 1.6 billion dollars last year. Previous years were also loss-making.

In the first quarter of 2021, Didi had 493 million active annual users. 41 million transactions were processed every day. This period resulted in a loss of 0.8 billion dollars on revenue of 6.4 billion dollars, or 42.2 billion yuan.

The IPO will be supervised by Goldman Sachs, Morgan Stanley and JPMorgan.


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