CHINESE online grocery firm Dada Nexus Ltd today raised US$320 mil in an upsized initial public offering, amid increased scrutiny of Chinese companies pursuing US listings.
Dada priced its IPO of 20 million American Depository shares (ADS) at US$16 each, valuing it at US$3.5 bil.
The firm had earlier planned to sell 16.5 million shares at a range of US$15–US$17 per share. – June 6, 2020, Reuters
