Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road
Company

Dingdong Maicai files for IPO in U.S.

June 10, 2021


Abstract : Chinese fresh vegetable e-commerce platform Dingdong Maicai has submitted its IPO prospectus to the U.S. stock exchange recently,the Xinhua-run Shanghai Securities News reported on Wednesday.

getAttachment (1).png

Staff memebers of an e-commercecompany for online shopping sort out vegetables at a warehouse in Changsha, capital city of central China's Hunan Province,Feb. 4. 2021. (Xinhua/Xue Yuge)

BEIJING, June 10 (Xinhua) --Chinese fresh vegetable e-commerce platform Dingdong Maicai has submitted its IPO prospectus to the U.S. stock exchange recently, the Xinhua-run Shanghai Securities News reported on Wednesday.

It is reported that Dingdong plans to list its shares on the New York Stock Exchange with a stock code of "DDL".

According to the company's filing, Morgan Stanley, Banc of America Securities, Credit Suisse are underwriters of this offering.

The firm generated a total revenue of 11.34 billion yuan (about 1.73 billion U.S. dollars) in 2020, surging 192.2 percent from that in 2019.

Established in 2017 in Shanghai, Dingdong has expanded its business to 29 cities across the country.(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: IPO Dingdong

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial