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Jacktham91
2021-06-30

Not an issue, go dingdong

Dingdong Priced Downsized IPO At $23.50/ADS; Shares Jump 10% AH

Chinese e-commerce company Dingdong (Cayman) Limited (NYSE: DDL) has priced its initial public offer

Dingdong Priced Downsized IPO At $23.50/ADS; Shares Jump 10% AH

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The total offering size is $95.7...</p>\n\n<a href=\"https://finance.yahoo.com/news/dingdong-priced-downsized-ipo-23-205303963.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MF":"每日优鲜"},"source_url":"https://finance.yahoo.com/news/dingdong-priced-downsized-ipo-23-205303963.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2147898422","content_text":"Chinese e-commerce company Dingdong (Cayman) Limited (NYSE: DDL) has priced its initial public offering of 4 million American depositary shares (ADS) at $23.5 per ADS. The total offering size is $95.7 million.\nThe company downsized its IPO price after the Tencent Holdings Ltd - (OTC: TCEHY) backed rival grocery app Missfresh Ltd (NASDAQ: MF) IPO debacle last week.\nAfter opening 18% below the offer price of $10 per ADS on Friday, shares of Missfresh have dropped almost 33% below their IPO price in late afternoon trading on Monday,\nThe ADSs are expected to begin trading on the New York Stock Exchange on June 29, 2021, under the symbol \"DDL.\"\nThe IPO offering is expected to close on July 1, 2021.\nThe company has granted the underwriters an option, within 30 days from the date of the final prospectus, to purchase up to an aggregate of 610K additional ADSs at $23.5 per ADS.\nMorgan Stanley & Co LLC, BofA Securities Inc, and Credit Suisse Securities (U.S.A.) 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