Chinese ride-hailing giant Didi Chuxing publicly filed for an initial public offering (IPO) in the United States with the Securities and Exchange Commission (SEC).
As stated by Reuters, the company aims to go public in July and intends to list on either the New York Stock Exchange or the Nasdaq. The listing could be one of the largest IPOs this year.
According to The Wall Street Journal, Didi Chuxing could expect a valuation upward of USD 70 billion.
The company intends to use its IPO proceeds to invest in autonomous driving technology, expand business internationally, and introduce new products.