China's Didi said to be in talks for an IPO as early as this year

China's Didi said to be in talks for an IPO as early as this year

REUTERS/Carlos Jasso

Chinese ride-hailing company Didi Chuxing is in talks for a multi-billion-dollar initial public offering that could take place as early as this year, The Wall Street Journal reported on Tuesday, citing people familiar with the matter.

The company is hoping to fetch a valuation of at least $70 billion to $80 billion if it goes public and has been in talks with bankers in recent weeks over the feasibility of raising cash through an IPO in the second half of 2018, the Journal said.

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