China's top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering IPO), eyeing a valuation of at least US$100 billion via the float, two people with direct knowledge of the matter told Reuters.
Didi has also discussed the option of listing via a special-purpose acquisition company , multiple people said, referring to a blank-check firm with capital raised in a U.S. IPO that would then merge with a target. But they said the SPAC option was seen by Didi as less viable given its valuation target.A separate person close to Didi said the company is also considering a second listing in Hong Kong if its U.S. IPO takes place.
The people with knowledge of the matter spoke to Reuters on condition of anonymity as the information was confidential.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.