SoftBank-backed Dingdong downsizes U.S. IPO, targets up to $94.4 mln raise

  • 6/28/2021
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June 28 (Reuters) - Chinese grocery app Dingdong, backed by SoftBank Vision Fund II, downsized its U.S. initial public offering on Monday, according to a filing. It is now looking to raise up to $94.4 million, compared with its earlier expected raise of up to $357 million. (Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath) Our Standards: The Thomson Reuters Trust Principles.

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