Didi Global Inc. planned to raise up to $4 billion by selling 288 million shares on the New York Stock Exchange at $13-$14 each. It said 30% will be spent on technology development, another 30% to expand outside China and 20% on new products.
The company founded in 2012 by Will Wei Cheng, a veteran of e-commerce giant Alibaba Group, says it aims to become the “world’s largest one-stop transportation platform” and operator of vehicle networks.
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