DDC Enterprise Ltd

DDC Enterprise Ltd (DDC) priced its initial public offering on Nov 20, 2023 at $8.50 per share, raising $33.1M, and listed on NYSE American. At the IPO price its market capitalization was about $161.9M. CMBI was lead-left underwriter, joined by Benchmark, Maxim Group and Freedom Capital and others. Loeb & Loeb, Travers Thorp Alberga and Grandall advised the company and DeHeng Law Offices and Hogan Lovells advised the underwriters.

Status

IPO

Ticker

DDC

Exchange

NYSE American

Priced

Nov 20, 2023

IPO price

$8.50

Raised

$33.1M

Market cap at IPO price

$161.9M

First filed

Jun 16, 2023

Underwriters

CMBI, Benchmark, Maxim Group, Freedom Capital, Eddid and US Tiger

Company counsel

Loeb & Loeb, Travers Thorp Alberga and Grandall

Underwriters' counsel

DeHeng Law Offices and Hogan Lovells

Sector

Consumer

Country / state

NC

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.