Dada Group goes IPO on Nasdaq

2020-06-06
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Capital Markets

On June 5, 2020, the trading of the American Depositary Shares (“ADSs”) of Dada Nexus Limited (“Dada Group”) commenced on the Nasdaq Stock Exchange (stock code: DADA). Dada Group offered 20,000,000 ADSs (before the exercising of the over-allotment option) at the initial public offering price of US$16 per ADS and raised approximately US$320 million in gross proceeds (“Offering”).


Dada Group operates JD-Daojia and Dada Now platforms. According to the iResearch Report, JD-Daojia is one of China’s largest local on-demand retail platforms by GMV in 2019, and Dada Now is a leading local on-demand delivery platform in China by number of orders in 2019.



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