DiDi, the Chinese top ride-hailing company, plans to secretly submit the filings for IPO to U.S. securities regulators this month and list on the New York Stock Exchange as early as July.

The company has appointed Goldman Sachs and Morgan Stanley as the lead underwriters for the IPO, people familiar with the matter said.

DiDi has acquired investments from Asian technology investment giants SoftBank, Alibaba, and Tencent. It is targeting a valuation of at least $100 billion. At this valuation, the company could sell 10% of its shares and raise about $10 billion. It would become the biggest Chinese IPO since Alibaba raised $25 billion on the New York Stock Exchange in 2014.

Source: https://www.reuters.com/article/us-didi-ipo-banks-exclusive-idUSKBN2BW0TG