Ride-hailing service Didi Chuxing, Uber Technologies Inc's main rival in China, is working towards an initial public offering in the United States that would likely take place in 2018, a person with knowledge of the plan said on Monday.
Didi is valued at around US$25 billion and its stock market listing would be the most high-profile by a Chinese company in the United States since Alibaba Group Holding Ltd's listing two years ago.
Didi has ruled out a stock market flotation in China, said the person, who declined to be identified as the discussions about a listing were private.
There are nearly 800 companies waiting to get approval for an IPO in China, making it hard to predict when a listing might happen.
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Didi is valued at around US$25 billion and its stock market listing would be the most high-profile by a Chinese company in the United States since Alibaba Group Holding Ltd's listing two years ago.
Didi has ruled out a stock market flotation in China, said the person, who declined to be identified as the discussions about a listing were private.
There are nearly 800 companies waiting to get approval for an IPO in China, making it hard to predict when a listing might happen.
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