Didi weighs US listing option

IFR Asia 1180 - 27 Mar 2021 - 02 Apr 2021
Quick read
Americas, Asia
Fiona Lau

China's top ride-hailing firm Didi Chuxing is considering a US listing this year. (See News)

Banks, including Goldman Sachs, are working closely with Didi on IPO preparations. If the company decides to go ahead, a listing application may be filed as early as April ahead of a listing around mid-year, said people with knowledge of the matter.

However, a person familiar with the situation believes Didi could still go for a Hong Kong listing, even as a US listing via a special purpose acquisition company has also been discussed. The person said Didi is too big to list through an SPAC and many Chinese tech giants still prefer IPOs.

Didi said it does not have a definite IPO plan or timeline.