JD-backed Dada Nexus files for $100m US listing

By Jonathan Breen
13 May 2020

Dada Nexus, an operator of Chinese on-demand retail and delivery platforms, has set the ball rolling for a Nasdaq IPO.

The firm filed listing documents to the US Securities and Exchange Commission on Tuesday with a $100m placeholder size, but the deal is expected to raise as much as $500m, GlobalCapital Asia understands.

It has appointed Bank of America, Goldman Sachs and Jefferies as the bookrunners for the ...

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