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IPO · DAO

Youdao, Inc.

Youdao, Inc. (DAO) priced its initial public offering on Oct 25, 2019 at $17.00 per ADS, and listed on NYSE. At the IPO price its market capitalization was about $384.8M. Citigroup was lead-left underwriter, joined by Morgan Stanley, Credit Suisse and CICC and others. Davis Polk, Maples and Calder and Tian Yuan advised the company and Skadden, Arps and Junhe advised the underwriters.

Status
IPO
Ticker
DAO
Exchange
NYSE
Priced
Oct 25, 2019
IPO price
$17.00 per ADS
Market cap at IPO price
$384.8M
First filed
Sep 30, 2019
Underwriters
Citigroup, Morgan Stanley, Credit Suisse, CICC, US Tiger and HSBC
Company counsel
Davis Polk, Maples and Calder and Tian Yuan
Underwriters' counsel
Skadden, Arps and Junhe
Sector
Business services

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

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Filings

Other Business services IPOs in 2019