Dada Announces Pricing of Initial Public Offering
June 05 2020 - 9:35AM
Dada Nexus Limited (NASDAQ: DADA) (“Dada” or the “Company”), a
leading platform for local on-demand retail and delivery in China,
today announced the pricing of its initial public offering of 20
million American depositary shares (“ADSs”), each represents 4
ordinary shares of the Company, at US$16 per ADS for
total gross proceeds of US$320 million, assuming the
underwriters do not exercise their over-allotment option to
purchase any additional ADSs. The ADSs are expected to begin
trading on the NASDAQ Global Select Market today under the ticker
symbol “DADA.”
The Company has granted the underwriters an option, exercisable
within 30 days from the date of the final prospectus, to purchase
up to an aggregate of three million additional ADSs.
Goldman Sachs (Asia) L.L.C., BofA Securities, Inc., and
Jefferies LLC are acting as joint book runners for the
offering.
Dada’s registration statement relating to the offering has been
filed with, and declared effective by, the U.S. Securities and
Exchange Commission. This press release does not constitute an
offer to sell or a solicitation of an offer to buy the securities
described herein, nor shall there be any sale of these securities
in any state or jurisdiction in which such an offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
The offering of the securities is made only by means of a
prospectus forming a part of the effective registration statement.
A copy of the final prospectus relating to the offering may be
obtained, when available, by contacting the following
underwriters:
Goldman Sachs & Co. LLCAttention: Prospectus Department200
West Street New York, NY10282-2198 Phone: +1 (212) 902 1171
Email: prospectus-ny@ny.email.gs.com
BofA Securities NC1-004-03-43 200 North College Street, 3rd
floor Charlotte, NC 28255-0001 Attn: Prospectus Department
Email: dg.prospectus_requests@baml.com
Jefferies LLCAttention: Equity Syndicate Prospectus
Department520 Madison Ave, 2nd Floor New York, NY 10022
Phone: +1-877-821-7388Email:
prospectus_department@jefferies.com
About Dada Nexus Limited
Dada Nexus Limited (NASDAQ: DADA) (“Dada” or the “Company”) is a
leading platform for local on-demand retail and delivery in China.
The Company operates JD-Daojia (“JDDJ”), one of China’s largest
local on-demand retail platforms for retailers and brand owners,
and Dada Now, a leading local on-demand delivery platform open to
merchants and individual senders across various industries and
product categories. The Company’s two platforms are inter-connected
and mutually beneficial. The Dada Now platform enables an improved
delivery experience for participants on the JDDJ platform through
its readily accessible fulfillment solutions and strong on-demand
delivery infrastructure. Meanwhile, the vast volume of on-demand
delivery orders from the JDDJ platform increases order volume and
density for the Dada Now platform.
For more information, please contact:
Dada Nexus LimitedMs. Caroline DongE-mail: ir@imdada.cn
Christensen
In ChinaMr. Christian ArnellPhone: +86-10-5900-1548E-mail:
carnell@christensenir.com
In USMs. Linda BergkampPhone: +1-480-614-3004E-mail:
lbergkamp@christensenir.com
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