China's Dada Nexus trades flat after $322m US IPO
Dada Nexus, a Chinese last-mile delivery platform backed by the likes of JD.com, Walmart, Sequoia Capital China, and DST Global, traded flat on its NASDAQ debut following a $320 million IPO.
The company sold 20 million American Depository Shares (ADS) for $16.00 apiece, the midpoint in the indicative range, according to a statement. It initially planned to sell 16.5 million ADS. Members of...
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