Didi Chuxing, the "Uber of China," Is Going Public: Buy or Sell?

The dominant ride-hailing service in China, Didi Chuxing, recently filed paperwork to go public on U.S. exchanges. Uber (NYSE: UBER) and Lyft have both had somewhat lackluster results since going public, with Uber roughly flat and Lyft down about 25% since their respective IPOs (initial public offerings). Didi also saw a slowdown in results last year, but traffic has been rebounding quickly as China recovers from COVID, so Didi is looking to raise money on optimism over reopening.