The company said it would offer 288 million American Depositary Shares (ADSs) in its initial public offering (IPO). Four ADSs would represent one Class A ordinary share.
Backed by Asia’s largest technology investment firms, SoftBank, Alibaba (NYSE:BABA) and Tencent, DiDi is gearing up for what is expected to be the world’s biggest IPO this year.
DiDi set a placeholder amount of $4.6 billion for the IPO. The IPO could rake in as much as $10 billion for the company when it sets terms, Reuters had reported.