Softbank Group - Vision Fund’s Public Companies on Wild Ride to End Quarter in the Black

Softbank Group and Didi Chuxing - Regulatory Pressure on the Rise

Softbank Group - Vision Fund 2’s Late-Private Investments Blur the Lines with Northstar

Softbank Group - Initial Thoughts on the Didi Chuxing IPO Filing

Softbank Group - Shares Drift as Discount Settles in 40% Range

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

Telco/Internet specialist

Kirk Boodry

Redex Research

Equity Capital Markets

<p>Didi Chuxing is the dominant ride-hailing platform in one of the world’s most compelling markets for shared mobility. It is a global leader in some respects (number of active users, drivers, and transactions) and its IPO could represent the second-largest China IPO in the US trailing only eCommerce giant Alibaba Group. We value Didi Chuxing at $63/share (the ADR exchange has not yet been announced) which implies a pre-IPO equity value for the entire company of $70bn. </p><p>This report includes full financial forecasts, valuation, a summary of investment highlights and a list of questions we would ask on the roadshow.</p>

Didi Chuxing is the dominant ride-hailing platform in one of the world’s most compelling markets for shared mobility. It is a global leader in some respects (number of active users, drivers, and transactions) and its IPO could represent the second-largest China IPO in the US trailing only eCommerce giant Alibaba Group. We value Didi Chuxing at $63/share (the ADR exchange has not yet been announced) which implies a pre-IPO equity value for the entire company of $70bn. This report includes full financial forecasts, valuation, a summary of investment highlights and a list of questions we would ask on the roadshow.

Didi Chuxing and Softbank - Long Awaited IPO of China’s Mobility Giant Worth $70bn

DiDi Global

Didi Chuxing and Softbank - Long Awaited IPO of China’s Mobility Giant Worth $70bn