China DIDI Taxi aggregator (owned by Didi Chuxing) will soon be released on the stock exchange. The relevant application is published on the website of the US Securities and Exchange Commission (SEC).
Date of the IPO (procedure of primary public placement of shares) and a specific stock exchange on which it will take place in the application are not specified. As possible options, the New York Exchange (NYSE) and a platform for NASDAQ technological companies are considered.
Earlier, the leadership of DIDI considered the possibility of accommodation in the Hong Kong Stock Exchange, but as a result, it was decided to refuse to refuse the American site. Taxi aggregator fears the tough requirements of the Regulator of the Special Administrative District of China.
It is known that the company plans to attract 100 million dollars, placing ordinary shares of $ 0.00002 per piece. According to The Wall Street Journal, the total DIDI rating can be $ 70 billion.
DIDI funds are going to spend on expanding business in Europe and access to the Chinese electric vehicle market and unmanned cars. Currently, DIDI, founded in China in 2012, works in Japan, Australia, Brazil, Mexico, Colombia, Chile and Canada. In 2020, the company entered the Russian market, but decided to focus on development in the regions, without Moscow and St. Petersburg.