Dingdong Maicai Slashes IPO by 70% While MissFresh Stocks Plummets on Nasdaq Debut
According to JIEMIAN.COM, Dingdong Maicai, a Chinese fresh grocery app, downsized its initial public offering (IPO) in the US to a quarter of its planned target on Monday.
Dingdong Maicai now says it will seek to raise up to $94.4 million, down 74% from the $357 million it initially planned to raise. Dingdong Maicai will issue 3.…
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