Dingdong (Cayman) Ltd

Dingdong (Cayman) Ltd (DDL) priced its initial public offering on Jun 30, 2021 at $23.50 per share, and listed on NYSE. At the IPO price its market capitalization was about $8.32B. BofA Securities was lead-left underwriter, joined by Credit Suisse, HSBC and US Tiger. Kirkland & Ellis, Maples and Calder and Jingtian & Gongcheng advised the company and Cleary Gottlieb and JunHe advised the underwriters.

Dingdong (Cayman) Ltd is an on-demand e-commerce company in China that supplies households with fresh produce, meat, seafood and other daily necessities. It fulfills orders through a self-operated frontline grid and works with upstream farms and suppliers on supply chain digitalization.

Status

IPO

Ticker

DDL

Exchange

NYSE

Priced

Jun 30, 2021

IPO price

$23.50

Market cap at IPO price

$8.32B

First filed

Jun 8, 2021

Underwriters

BofA Securities, Credit Suisse, HSBC and US Tiger

Company counsel

Kirkland & Ellis, Maples and Calder and Jingtian & Gongcheng

Underwriters' counsel

Cleary Gottlieb and JunHe

Sector

Consumer

Country / state

China

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