China’s Didi Raises $1.5 Billion in Debt Ahead of IPO

Bloomberg2021-04-09

Ride-hailing giant signs revolving loan facility with banks Debt deal to serve as stepping stone ahead of share sale Didi Chuxing is raising $1.5 billion of debt financing from banks as the Chinese ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Doremi92
2021-04-11
Doremi92
Wow
Hayz
2021-04-09
Hayz
This IPO will certainly have alot of interest from China....
myam
2021-04-09
myam
Looking forward
DesmondChin
2021-04-09
DesmondChin
Step back and enjoy the show
- FFX:
  yeah
Annalz
2021-04-09
Annalz
Hungary

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1171981144?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-04-09 19:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1171981144","market":"us","top_or_hot":-1,"title":"China’s Didi Raises $1.5 Billion in Debt Ahead of IPO","media":"Bloomberg","content":"<div>\n<p>Ride-hailing giant signs revolving loan facility with banks\nDebt deal to serve as stepping stone ahead of share sale\n\nDidi Chuxing is raising $1.5 billion of debt financing from banks as the Chinese ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-04-09/china-s-didi-is-said-to-raise-1-5-billion-in-debt-ahead-of-ipo?srnd=premium-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Didi Raises $1.5 Billion in Debt Ahead of IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina’s Didi Raises $1.5 Billion in Debt Ahead of IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-04-09/china-s-didi-is-said-to-raise-1-5-billion-in-debt-ahead-of-ipo?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ride-hailing giant signs revolving loan facility with banks\nDebt deal to serve as stepping stone ahead of share sale\n\nDidi Chuxing is raising $1.5 billion of debt financing from banks as the Chinese ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-04-09/china-s-didi-is-said-to-raise-1-5-billion-in-debt-ahead-of-ipo?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BABA","symbol_name":"阿里巴巴","start_time":0,"source_url":"http://bloomberg.com/news/articles/2021-04-09/china-s-didi-is-said-to-raise-1-5-billion-in-debt-ahead-of-ipo?srnd=premium-asia","article_id":"1171981144","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1171981144","pubTimestamp":1617966001,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Ride-hailing giant signs revolving loan facility with banks\nDebt deal to serve as stepping stone ahe","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W","SFTBY":"软银集团","00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"translate_title":"中国滴滴IPO前融资15亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":0.9,"09988":0.9,"BABA":0.9,"SFTBY":0.9,"TCEHY":0.9},"content_text":"Ride-hailing giant signs revolving loan facility with banks\nDebt deal to serve as stepping stone ahead of share sale\n\nDidi Chuxing is raising $1.5 billion of debt financing from banks as the Chinese ride-hailing giant seeks to expand itsfirepowerahead of a potential U.S. initial public offering, according to people familiar with the matter.\nDidi, backed by SoftBank Group Corp., has signed a revolving loan facility with JPMorgan Chase & Co., Morgan Stanley, Goldman Sachs Group Inc., HSBC Holdings Plc, Barclays Plc and Citigroup Inc., the people said. A debt deal would serve as a stepping stone as Didi continues to evaluate a potential listing that could value the firm at about $100 billion, the people said, asking not to be identified because the matter is private.\nRepresentatives for Beijing-based Didi and the banks declined to comment.\nAfter raising a loan, Didi would follow the footsteps of other sharing economy companies in seeking a listing. In February, Southeast Asia’s ride-hailing giant Grab Holdings Inc.closed its first senior secured term loan facility, which was upsized to $2 billion from $750 million planned initially due to strong investor interest. Grab is in advanced talks to go public through Altimeter Capital’s first blank-check company, people familiar with the matter have said.\nDidi is stepping up efforts to grow its presence in strategically important sectors like autonomous driving as it prepares to go public in what could be one of the largest tech IPOs globally this year.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":342044274,"gmtCreate":1618138795698,"gmtModify":1704706919338,"author":{"id":"3578376062004270","authorId":"3578376062004270","authorIdStr":"3578376062004270","name":"Doremi92","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3578376062004270"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/342044274","repostId":1171981144,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":346003215,"gmtCreate":1617970291437,"gmtModify":1704705452533,"author":{"id":"3576709204489965","authorId":"3576709204489965","authorIdStr":"3576709204489965","name":"Hayz","avatar":"https://static.tigerbbs.com/d87598e3b13004920f673918b320782e","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3576709204489965"},"htmlText":"This IPO will certainly have alot of interest from China....","listText":"This IPO will certainly have alot of interest from China....","text":"This IPO will certainly have alot of interest from China....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/346003215","repostId":1171981144,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":348740209,"gmtCreate":1617967478601,"gmtModify":1704705421016,"author":{"id":"3575348327287185","authorId":"3575348327287185","authorIdStr":"3575348327287185","name":"myam","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3575348327287185"},"htmlText":"Looking forward&nbsp;","listText":"Looking forward&nbsp;","text":"Looking forward","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348740209","repostId":1171981144,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":348754508,"gmtCreate":1617967272604,"gmtModify":1704705419237,"author":{"id":"3578983795474363","authorId":"3578983795474363","authorIdStr":"3578983795474363","name":"DesmondChin","avatar":"https://static.tigerbbs.com/b90cb6b6a6c328ac8d02a829e5e7c835","vip":1,"hat":"https://static.tigerbbs.com/46b6808e1ba3716fb9c53339adffa3c5","crmLevel":3,"crmLevelSwitch":1,"idStr":"3578983795474363"},"htmlText":"Step back and enjoy the show","listText":"Step back and enjoy the show","text":"Step back and enjoy the show","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/348754508","repostId":1171981144,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3995634,"gmtCreate":1617967480287,"gmtModify":1680783445833,"authorId":3576060582803676,"author":{"id":3576060582803676,"authorId":3576060582803676,"name":"FFX","avatar":"https://static.tigerbbs.com/31d604f7babdb5d7e2c3f44209e81bf7","vip":1,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":348754508,"type":1,"supId":0,"prevId":0,"content":"<u>yeah</u>","text":"<u>yeah</u>","html":"<u>yeah</u>"}],"langContent":"EN"},{"id":348753927,"gmtCreate":1617966839169,"gmtModify":1704705410146,"author":{"id":"3577089953267281","authorId":"3577089953267281","authorIdStr":"3577089953267281","name":"Annalz","avatar":"https://static.tigerbbs.com/ffd285ab6189bb61da4b48c3e149eedc","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3577089953267281"},"htmlText":"Hungary&nbsp;","listText":"Hungary&nbsp;","text":"Hungary","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/348753927","repostId":1171981144,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":11,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.3","shortVersion":"4.28.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1171981144"}