Ding Dong’s IPO in the United States: total revenue of last year exceeded 11.3 billion yuan

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Tencent technology’s Ding Dong Mai Cai formally submitted its prospectus to the US Stock Exchange on Tuesday, planning to raise up to US $100 million through its initial public offering (IPO). Ding Dong didn’t disclose the price range, circulation volume and other information in the prospectus. The amount of $100 million raised by Ding Dong is a place holder, which may change in the future.
Ding Dong plans to apply for listing on the New York Stock Exchange with the stock code of “DDL”. Investment bank Morgan Stanley, Bank of America Securities and Credit Suisse are the co lead underwriters of the company’s IPO.
The company’s total revenue increased from 3.881 billion yuan in 2019 to 11.335.8 billion yuan (about 1.730.2 billion US dollars) in 2020.