DAO News
Archived Headlines
- Youdao kicks off a flood of Chinese companies attempting US IPOs 10/16/19
- Chinese online education platform Youdao sets terms for $92 million US IPO 10/15/19
- US IPO Weekly Recap: Oncology biotech Aprea Therapeutics finishes on top in 4-IPO week 10/04/19
- Chinese learning platform Youdao files for a $300 million US IPO 09/30/19
US IPO Week Ahead: Another quiet week for the IPO market with 1 biotech
Updated on Monday, April 20, 2020. One biotech IPO is scheduled for the week ahead, and pipeline activity indicates that a few more may be on the way. ORIC Pharmaceuticals (ORIC), a Phase 1 biotech developing small molecule therapies for...read more
Chinese IPOs spook investors as Friday's 3 deals average a -20% loss
Three Chinese companies IPO'd in the US on Friday, and each dropped 15% or more. All three landed among the year's bottom 10% of offerings by first-day return. The largest of the three, NetEase-backed education platform Youdao (DAO), was the worst...read more
Chinese education platform Youdao prices US IPO slightly above the midpoint at $17
Youdao, a Chinese online education platform being spun out of NetEase, raised $95 million by offering 5.6 million ADSs at $17, within the range of $15 to $18. The CEO of Netease indicated on $20 million of the IPO. In addition, investment firm Orbis agreed to...read more
US IPO Week Ahead: IPO market ramps up with 8 deals despite investor caution
Up to eight companies are set to raise $831 million in the week ahead. Florida insurance brokerage BRP Group (BRP) is the largest by deal size, while employee benefits provider Progyny (PGNY) and Chinese education company Youdao (DAO) target...read more