Chinese Ride-Hailing Firm Dida Revives $200 Million HK IPO
- Dida could list in Hong Kong as soon as June, people say
- Listing could mark first Chinese ride-hailing IPO since Didi
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Dida Inc. is considering raising about $200 million through its planned Hong Kong initial public offering, people familiar with the matter said, paving the way for the first listing by a Chinese ride-hailing startup since Didi Global Inc.’s ill-fated share sale in 2021.
Dida refiled for the IPO on Monday without giving any details on the fundraising size and timeline in its preliminary prospectus. The startup could list in Hong Kong as soon as in June, said the people, who asked not to be identified as the information is private. The company has obtained assurances from Chinese regulators for the share sale to go ahead, they added.