, has started initial talks with investment banks for the long-awaited IPO, according to three people. It's looking to formally appoint lead banks for the float in the coming months, two of them said.
The people said Didi is targeting a valuation of more than $60 billion by the time of IPO launch, expected as soon as in the first half of 2021. Founded eight years ago, Didi began generating healthy profit in the second quarter this year and some investors are now keen to cash in, said one of the people.
The new timetable for the IPO and the private fundraising round ahead of it have not been reported before.
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