Future Tech

SoftBank-backed Dingdong raises $95.7 million in downsized U.S. IPO

Tan KW
Publish date: Tue, 29 Jun 2021, 10:49 PM
Tan KW
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Future Tech

Chinese grocery app Dingdong, backed by SoftBank Vision Fund 2, raised about $95.69 million in its U.S. initial public offering on Tuesday after downsizing it on Monday.

The company was earlier planning to raise up to $357 million in its IPO.

 


  - Reuters

 

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