Molecular Data Inc.

Molecular Data Inc. (MKD) priced its initial public offering on Dec 30, 2019 at $5.38 per ADS, raising $61.9M, and listed on Nasdaq. At the IPO price its market capitalization was about $618.9M. Boustead was lead-left underwriter, joined by US Tiger and R.F. Lafferty. Skadden, Arps, Maples and Calder and Global Law Office advised the company and Davis Polk and King & Wood Mallesons advised the underwriters.

Molecular Data Inc. operates a technology platform for China's chemical industry, connecting participants in the chemical value chain. It offers e-commerce, financial, and warehousing and logistics solutions, delivered mainly through its websites molbase.com and molbase.cn, a Weixin account and a Chemical Community App.

Status

IPO

Ticker

MKD

Exchange

Nasdaq

Priced

Dec 30, 2019

IPO price

$5.38 per ADS

Raised

$61.9M

Market cap at IPO price

$618.9M

First filed

Dec 6, 2019

Underwriters

Boustead, US Tiger and R.F. Lafferty

Company counsel

Skadden, Arps, Maples and Calder and Global Law Office

Underwriters' counsel

Davis Polk and King & Wood Mallesons

Sector

Business services

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.