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Dada group's U.S. listing: nearly 30% drop after opening

via:驱动之家     time:2020/6/6 2:00:39     readed:267

Dada was officially listed on the us nasdaq on the evening of june 5, beijing time, at $16 a ADS( u.s. depositary shares), opening at $23.This platform, with instant delivery and instant retail as its core business, has opened its own new journey.

The dada group listed the size of 20 million ADS, each ADS on behalf of 4 common shares. If it is fully exercisedThe IPO scale of dada group is about 368 million US dollars, about 2.61 billion yuan.

Founded in June 2014, Dada Group has two core business platforms, Dada Express and JingDong to home, in which Dada Express is a local real-time distribution platform, using crowdsourcing mode, and JingDong to home is a local real-time retail platform, the two operate independently and closely cooperate with each other.

But Dada didn't start well,The stock has fallen by nearly 30% to close, now less than $16.4.


Dada Group this listing, in addition to the company's senior and employees, JingDong Group Senior Executive Vice President, JingDong Logistics CEO Wang Zhenhui, Wal-Mart China President and CEO Zhu Xiaojing, Sequoia Capital China Fund partner Zhou Kui all came to the Shanghai listing ceremony.

In October 2016, Dada and jingdongjia were merged into dada jingdongjia Wal-Mart soon received $50 million in investment, and Wal-Mart's Chinese physical stores connected to JingDong to provide distribution services by Dada.

In August 2018, dada Jingdong home announced the completion of US $500 million financing, with Wal Mart and Jingdong as investors. This is the last round of financing before it goes public.

In December 2019, Dada-Jingdong arrived home to officially change its name to Dada Group and complete the brand upgrade.


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