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Exclusive: Online payments firm Stripe takes first step toward blockbuster listing -sources
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Exclusive: Online payments firm Stripe takes first step toward blockbuster listing -sources
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Freshfields touts U S inroads one year after Silicon Valley launch
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Chinese Grocery App Dingdong Raises $96M In Shrunken IPO
Law360 (June 29, 2021, 6:00 PM EDT) Chinese grocery delivery platform Dingdong, guided by Kirkland & Ellis LLP and underwriters Cleary Gottlieb Steen & Hamilton LLP, went public Tuesday after raising $96 million in an initial public offering that was dramatically downsized from original projections.
Shanghai-based Dingdong (Cayman) Ltd. sold 4.07 million American depositary shares at $23.50 each, marking the low end of its forecast range of $23.50 to $25.50 a share. Dingdong originally planned to offer 14 million shares before slashing its deal size Monday. At the midpoint of its original price range, Dingdong would have raised about $343 million.
Chinese Grocery App Dingdong Prices $96M Downsized IPO
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