HONG KONG, June 17 (Reuters) - China's biggest ride-hailing
company Didi Chuxing has appointed five more investment banks to
work as book runners on its U.S initial public offering (IPO)
worth up to $10 billion, sources with direct knowledge of the
Didi, whose IPO could be the largest by a Chinese firm in
the United States in seven years, has given mandates to Bank of
America , Barclays, China International Capital
Corp (CICC) Citigroup and HSBC Holdings
as book runners on the deal, the sources said.
Didi not respond to a request for comment from Reuters. Bank
of America, Barclays, CICC, Citigroup and HSBC declined to
comment on the appointment.
Reuters reported on Thursday that China's market regulator
had begun an antitrust probe into Didi, three people with
knowledge of the matter said.
The company said of that issue that it would not comment on
"unsubstantiated speculation" from unnamed sources.
The syndicate expansion was first reported by IFR.
The bank have been appointed in junior roles, which means
they will work alongside Goldman Sachs, Morgan Stanley
and JPMorgan leading the deal, according to the
firm's filings with the U.S. Securities and Exchange Commission
China Renaissance is listed on the filing as a
co-manager of the IPO.
Reuters previously reported Didi could raise up to $10
billion in an IPO that would value the firm at up to $100
At that size, it would be the largest IPO by a Chinese
company in the United States since Alibaba raised $25 billion
(Reporting by Scott Murdoch in Hong Kong; Editing by Edmund