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SoftBank-Backed Dingdong Just Went Public. Here's What You Should Know

Lawrence Nga, The Motley Fool
·5 min read
SoftBank-Backed Dingdong Just Went Public. Here's What You Should Know

Dingdong (Cayman) (NYSE: DDL), a leading Chinese on-demand e-commerce company, went public on June 29, 2021. For those who are new to the company, Dingdong resembles a Chinese version of Instacart where you can order groceries online and get them delivered to your home. Backed by leading investors such as Tiger Global and SoftBank, Dingdong priced its shares at $23.50 per American depositary shares (ADS), raising a total of $110 million from the IPO.

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