Dada Nexus Limited

  • Dada Group goes IPO on Nasdaq

    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”).