DDL News

In the US IPO market’s busiest week since 2004, 19 IPOs raised nearly $10 billion, led by Chinese ride-hailing giant DiDi Global (DIDI). The second largest IPO of the year, DiDi (DIDI) upsized and priced at the high end to raise $4.4 billion at a $70.4 billion market cap. DiDi is China’s dominant ride-hailing app, with 15...read more

Dingdong, an on-demand grocery delivery platform in China, raised $96 million by offering 4.1 million ADSs at $23.50, the low end of the range of $23.50 to $25.50. The company offered 0.4 million more ADSs than anticipated. It originally planned to offer 14 million ADSs before slashing the offering to 3.7 million ADSs on Monday. Insiders had indicated on more than 100% of the ADSs...read more

Dingdong, an on-demand grocery delivery platform in China, lowered the proposed deal size for its upcoming IPO on Monday. The Shanghai, China-based company now plans to raise $91 million by offering 3.7 million ADSs at a price range of $23.50 to $25.50. The company had previously filed to offer 14 million ADSs at the same range. Insiders have indicated on up to $200 million...read more

17 IPOs are slated to raise $9.1 billion in the week ahead, led by long-awaited Chinese ride-hailing giant DiDi Global (DIDI). DiDi (DIDI) plans to raise $3.9 billion at a $67.5 billion market cap. DiDi is China’s dominant ride-hailing app, with 15 million drivers across 4,000 cities and towns. The unprofitable company saw revenue...read more