Chinese vehicle-for-hire company Didi Chuxing Technology Co. is stepping up its effors on an initial public offering. According to bloomberg, the IPO is now expected to be held as early as next quarter.

Didi, the largest investment in SoftBank Group Corp.’s portfolio, is targeting a valuation above the $62 billion. Based on a common 15% float for mega IPOs in Hong Kong, Didi could raise roughly $9 billion in what would be one of the largest tech debuts globally in 2021.