(Asian Tech Press) Didi Chuxing, also Didi, the Chinese top ride-hailing company, formally filed for IPO with the U.S. Securities and Exchange Commission (SEC) to list on the New York Stock Exchange under the name Xiaoju Kuaizhi Inc. and the ticker symbol DIDI.

In the IPO, the company seeks to raise about $100 million, with Goldman Sachs, China Renaissance, Morgan Stanley, and JPMorgan Chase as co-underwriters.

According to the SaaS company PitchBook Data, Didi was valued at $62 billion after a round of funding in August, with investments from giants such as SoftBank, Alibaba, and Tencent.

Bloomberg reported that Didi has been valued at $95 billion in the non-open market. And the company could be valued at $100 billion when it goes public.

Founded in 2012, Didi has 15 million drivers and 493 million active users.

Kentaro Matsui, a board member appointed by Didi's largest shareholder SoftBank, will resign as a director when the ride-hailing firm goes public, the prospectus shows. It means that SoftBank will step down from Didi's board.

The prospectus shows that before the IPO, Didi founder and CEO Cheng Wei held 7% of the shares, and the company's president Liu Qing held 1.7%. And Uber Technologies Inc (UBER: New York) has a 12.8% stake, and Tencent Holdings Ltd (700: Hong Kong) holds 6.8%.