Pinduoduo: no plans yet for second listing

On the evening of June 2, there was news that Pinduoduo would determine to return to Hong Kong for a second listing, and said that CICC was one of its sponsors.

On the evening of June 2, there was news that Pinduoduo would determine to return to Hong Kong for a second listing, and said that CICC was one of its sponsors.

It was even said that the Pinduoduo listing team originally planned to submit the form in mid-June, but it would be speeding up if necessary.

A spokesperson for Pinduoduo said that it has never discussed this plan with any intermediary agency, nor has it had any contact with any exchange on the topic of “second listing”.

The company said that its cash flow is healthy, and the fund reserve and income growth rate so far are enough to allow its 10-billion subsidy plan to continue for many years, so there is no second listing plan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/03/pinduoduo-no-plans-yet-for-second-listing/.

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