Two fresh-food delivery firms plan US listings
By CHENG YU | China Daily | Updated: 2021-06-10 09:28 Employees of Dingdong Maicai in Shanghai prepare deliveries. [Photo/Xinhua]
Fresh-food delivery firms Miss-Fresh and Dingdong Maicai are vying with each other to raise funds via IPOs on United States bourses, as competition in the Chinese online grocery delivery segment is intensifying, experts said.
MissFresh, backed by tech giant Tencent Holdings, plans to raise funds from the Nasdaq through a listing of its American depositary shares. The company is likely to raise $500 million to $1 billion from the share sale, according to Bloomberg.
Dingdong Maicai plans to list its shares on the New York Stock Exchange, according to its filing. The Shanghai-based e-grocer is backed by investors like Sequoia Capital and Tiger Global Man ...