Home > All insights > Fresh Groceries E-Commerce Company DINGDONG Set Terms for $343 Million US IPO
Daily Market Update
Fresh Groceries E-Commerce Company DINGDONG Set Terms for $343 Million US IPO
2021-06-23

Esther Thin

Dingdong Limited, a fresh groceries e-commerce company, has filed Amendment No 1 to Form F-1 Registration Statement on June 22, 2021 with the U.S. Securities and Exchange Commission to announce terms for its IPO.

The company plans to raise $343 million by offering 14 million shares at a price range of $23.50 to $25.50. Assuming a successful IPO at the midpoint of the proposed price, the company expects a market capitalization of $6 billion.

The company provides users and households with fresh produce, meat and seafood and other daily necessities through a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid.

The Shanghai, China-based company was founded in 2017 and booked $2.0 billion in revenue for the 12 months ended March 31, 2021. It plans to list on the NYSE under the symbol “DDL.” Dingdong filed confidentially on April 16, 2021. Morgan Stanley, BofA Securities, and Credit Suisse are underwriters of the IPO.

The company engages Kirkland & Ellis International LLP as US Securities Counsel, and Ernst & Young Hua Ming LLP as Independent Auditor.

#ipo #nasdaq #DingDong #Ecommerce #grocery

 

 

 

Hexcellence Consulting has experienced IPO consulting team focus on listing in US Stock Market,

namely NYSE, Nasdaq and OTC Markets.

Should you interested to list your company in US Stock Market,

please contact us at [email protected]

Back
FOLLOW US