Chinese online grocery firm Dada Nexus Ltd on Friday raised US$320 million in an upsized initial public offering, amid increased scrutiny of ...
Chinese online grocery firm Dada Nexus Ltd on Friday raised US$320 million in an upsized initial public offering, amid increased scrutiny of Chinese companies pursuing U.S. listings.
People attend a ceremony to celebrate DaDa's U.S. initial public offering on New York's Nasdaq, following the coronavirus disease outbreak, in Shanghai, China June 5, 2020. REUTERS/Aly SongREUTERS: Chinese online grocery firm Dada Nexus Ltd on Friday raised US$320 million in an upsized initial public offering, amid increased scrutiny of Chinese companies pursuing U.S. listings.
Dada priced its IPO of 20 million American Depository shares at US$16 each, valuing it at US$3.5 billion.The firm had earlier planned to sell 16.5 million shares at a range of US$15–US$17 per share.
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