Dingdong (DDL) Plans to Offer 14M Shares Between $23.50-$25.50 in IPO

Dingdong filed an amended F-1 for its IPO. The company said it plans to offer 14 million ADSs at $23.50-$25.50. The company plans to list on the NYSE under the ticker 'DDL'.

Morgan Stanley, BofA, Credit Suisse, HSBC, Mission Capital, FUTU, and Tiger Brokers are leading the offering.

Dingdong is a leading and the fastest growing on-demand e-commerce company in China, according to China Insights Consultancy, or CIC. Dingdong directly provides users and households with fresh produce, meat and seafood and other daily necessities through a convenient and excellent shopping experience supported by an extensive self-operated frontline fulfillment grid. With fresh groceries as our core product categories, they have successfully expanded to providing other daily necessities to grow into a leading one-stop online shopping destination in China for consumers to make purchases for their daily lives. At the same time, Dingdong is working to modernize China’s traditional agricultural supply chain through standardization and digitalization, empowering upstream farms and suppliers to make their production more efficient and tailored to actual demand.

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