China's Dida to raise up to $35 million in Hong Kong IPO

SYDNEY: Chinese ride-share app operator Dida has launched a Hong Kong initial public offering (IPO) to raise up to HK$273.7 million ($35.06 million), regulatory filings showed on Thursday.

The company is selling 39.1 million shares in a price range of HK$5 to HK$7 each, the documents showed.