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2021-06-23

Well done

SoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO

June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over

SoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO

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Tencent Holdings Ltd-backed Missfresh, another Chinese online grocery startup, also set its IPO terms earlier on Tuesday, targeting a valuation of nearly $3.8 billion.</p>\n<p>Dingdong plans to list its shares on the New York Stock Exchange under the symbol “DDL”. Morgan Stanley, BofA Securities and Credit Suisse are the IPO’s lead underwriters.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSoftBank-backed Dingdong targets over $6 bln valuation in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 07:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/dingdong-ipo/corrected-update-1-softbank-backed-dingdong-targets-over-6-bln-valuation-in-u-s-ipo-idUSL3N2O43S4><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over $6 billion valuation in its New York debut as the online grocer joins Asian tech startups seeking to...</p>\n\n<a href=\"https://www.reuters.com/article/dingdong-ipo/corrected-update-1-softbank-backed-dingdong-targets-over-6-bln-valuation-in-u-s-ipo-idUSL3N2O43S4\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.reuters.com/article/dingdong-ipo/corrected-update-1-softbank-backed-dingdong-targets-over-6-bln-valuation-in-u-s-ipo-idUSL3N2O43S4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184188790","content_text":"June 22 (Reuters) - Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for over $6 billion valuation in its New York debut as the online grocer joins Asian tech startups seeking to tap into the IPO boom in the United States.\nThe company said it aims to raise up to $357 million in its IPO as it seeks to compete in a crowded sector that has seen established players including Alibaba Group and Pinduoduo competing aggressively.\nDingdong, which is also backed by Tiger Global Management, will sell 14 million American Depositary Shares (ADSs) priced between $23.50 and $25.50 each, according to its filing.\nThe COVID-19 pandemic has fueled online demand for fresh produce in China. 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