The IPO is the temporary culmination of the rapid development in recent years. It should be the largest IPO in the US since Alibaba in 2014.
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(Foto: Bloomberg)
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Peking At first glance, Cheng Wei doesn’t necessarily look like someone whose company has made it into a quasi-monopoly in driving services in the world’s second largest economy. The main founder of Didi Chuxing, also known as the Chinese Uber, appears reserved, serious, almost boyish.
But Cheng is one of the most successful Chinese entrepreneurs – and now wants to crown his success. In the coming months – possibly as early as July – the 38-year-old plans to list his company on the New York Stock Exchange.
In any case, the documents have been submitted. It has been clear since Friday how big the IPO will be: the volume is around four billion dollars. The IPO is likely to be the largest in the US since Chinese e-commerce giant Alibaba was listed in 2014.
