News > China's Didi leans towards New York for IPO, eyes valuation of at least $100 billion

China's Didi leans towards New York for IPO, eyes valuation of at least $100 billion

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 $100 billion via the float, two people with direct knowledge of the matter said.

At that valuation target, Didi could raise about $10 billion if it sells 10% of its shares, in what would be the biggest Chinese IPO in the United States since Alibaba's $25 billion float in 2014.