SoftBank-backed Dingdong rises 19% in market debut, valued at $6.6 billion

SoftBank-backed Dingdong rises 19% in market debut, valued at $6.6 billion

3 years ago
Anonymous $drS9DEX_Sj

https://www.reuters.com/article/us-dingdong-ipo-shares/softbank-backed-dingdong-rises-19-in-market-debut-valued-at-6-6-billion-idUSKCN2E529D

Shares of Dingdong, backed by SoftBank Vision Fund II, opened 19% above their offer price in their market debut in the United States on Tuesday, giving the Chinese grocery app a valuation of $6.6 billion.

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