‘Chinese Uber’ Didi targeting $60B valuation in US IPO amid antitrust concerns

The largest ride-hailing company in China plans to go public on the New York Stock Exchange at a valuation of more than $60 billion — even as Chinese regulators reportedly probe the company for antitrust violations. 

Didi — which offers rides to more than 550 million users in Asia, Latin America and Russia — plans to raise about $4 billion by offering 288 million shares at $13 to $14 each under the ticker “DIDI,” the company said in a Thursday Securities and Exchange Commission filing.  That would make Didi, which counts SoftBank and Tencent among its major investors, the largest international firm to go public in the US since Jack Ma’s Alibaba raised more than $25 billion through a monster IPO in 2014.