Xiaoju Kuaizhi Inc, the largest mobility technology platform in China, has filed Form F-1 Registration Statement on June 10, 2021 with the U.S. Securities and Exchange Commission to raise up to $100 million IPO. Pricing terms are yet to announce. Sources estimate the total proceeds raised would up to $10 billion.
The company reimagines urban living using transformative technologies to make mobility safe, affordable, convenient, and sustainable. They provide consumers with a comprehensive range of services, including ride-hailing, taxi-hailing, chauffeur, hitch and other forms of shared mobility.
The Beijing, China-based company was founded in 2012 and booked $25.6 billion in revenue for the 12 months ended March 31, 2021. It plans to list on either the NYSE or the Nasdaq under the symbol “DIDI.” Goldman Sachs (Asia), Morgan Stanley, J.P. Morgan, and China Renaissance are underwriters of the IPO.
The company engages Skadden, Arps, Slate, Meagher & Flom LLP as US Securities Counsel, and PricewaterhouseCoopers Zhong Tian LLP as Independent Auditor.
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