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Didi Denies Report Ride-Sharing Giant Plans Hong Kong IPO

Didi Chuxing has dismissed a news report that claimed China’s dominant ride-hailing services provider plans to go public in Hong Kong. The Beijing-based company said it has no such plans at present and an initial public offering is not currently its top priority, The Paper reported today. Chinese media outlet Sina reported on July 20 that Didi is in talks with investment banks for a HKD600 billion (USD77.41 billion) floatation in Hong Kong within the year. It cited an informed investor, who also said the listing would be among the city’s largest IPOs in recent years.