China’s Didi accelerates its IPO plans, targeting valuation above $62bn ...Qatar

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China’s Didi accelerates its IPO plans, targeting valuation above $62bn
Chinese ride-hailing giant Didi Chuxing Technology Co is accelerating plans for an initial public offering to as early as next quarter to capitalise on a post-pandemic turnaround, people familiar with its plans said. Didi, the largest investment in SoftBank Group Corp’s portfolio, is targeting a valuation above the $62bn it secured during its last funding round, the people said, asking not to be identified discussing an internal matter. The company moved up plans from a previous target of late 2021 after its Uber-like car-hailing business bounced back with China’s success in bringing Covid-19 under control. Based on a common 15% float for mega IPOs in Hong Kong, one potential venue, Didi co

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