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IPO Valuation: Didi & Uber Comparison
Didi Chuxing in China and Uber in the United States are the world's two largest online car-hailing giants. Didi has started internationalization and challenged Uber in more countries and regions. In addition, the two companies are preparing to go public.
In terms of IPOs, the gap between Didi and Uber is widening. Didi's founder and CEO Cheng Wei recently issued an open letter, revealing that it lost more than 4 billion yuan in the first half of 2018.
On the other hand, Goldman Sachs and Morgan Stanley recently valued Uber at $120 billion, which will go public in early 2019.
What are the challenges faced by these two corporations?
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