China’s Dada Nexus Raises $320 Million in U.S. IPO
Other people attend a rite to have fun DaDa’s U.S. preliminary public providing (IPO) on New York’s Nasdaq, following the coronavirus illness (COVID-19) outbreak, in Shanghai, China June five, 2020. REUTERS/Aly Tune
Dada priced its IPO of 20 million American Depository stocks (ADS) at $16 each and every, valuing it at $three.five billion.
- Reuters
- Final Up to date: June five, 2020, 10:22 PM IST
Chinese language on-line grocery company Dada Nexus Ltd on Friday raised $320 million in an upsized preliminary public providing, amid larger scrutiny of Chinese language corporations pursuing U.S. listings.
Dada priced its IPO of 20 million American Depository stocks (ADS) at $16 each and every, valuing it at $three.five billion.
The company had previous deliberate to promote 16.five million stocks at a variety of $15–$17 consistent with proportion.
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