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Didi ekes out 1% gain after New York IPO pop fizzles
SoftBank-backed Chinese ride-hailer faces profit uncertainty in global competition.
3 mins read
Chinese IPO frenzy in the US
The curtailed target comes after lackluster investor interest in competitor MissFresh’s Nasdaq debut.
Sources also say China’s Xpeng targets up to USD 2 billion in homecoming listing.
Didi Chuxing leads new clique of companies seeking to raise as much as USD 17 billion.