Didi Said to File Confidentially for IPO in U.S.

The transcript discusses a company's plans to raise funds, potentially reaching up to $10 billion, with a target valuation of $100 billion. The fundraising size is still uncertain and subject to change. The company aims to be listed in the US as early as the first quarter of the year, potentially becoming the largest Chinese company to do so. Recently, the company secured a $1.5 billion loan to support this listing process.

What is the target valuation of the company according to sources?

What is the significance of the company's listing in the US?