On June 5, 2020 (US Eastern Time), 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”).
Dada Group operates JD-Daojia and Dada Now platforms. According to the iResearch Report, JD-Daojia is one of China’s largest local on-demand retail platforms by GMV in 2019, and Dada Now is a leading local on-demand delivery platform in China by number of orders in 2019.
Haiwen & Partners, as the PRC legal counsel of the joint underwriters Goldman Sachs, BofA Securities and Jefferies, provided professional legal advice and effective solutions with respect of the PRC laws to this Offering.
Haiwen team advising on this Offering is led by Shuangjuan Wei, Ji Hu and Jiangshan Tang, and the team members include Yuqing Gu, Min Li, Lu He, Jue Huang, Lu Liu and other colleagues.
On June 5, 2020 (US Eastern Time), 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”).
Dada Group operates JD-Daojia and Dada Now platforms. According to the iResearch Report, JD-Daojia is one of China’s largest local on-demand retail platforms by GMV in 2019, and Dada Now is a leading local on-demand delivery platform in China by number of orders in 2019.
Haiwen & Partners, as the PRC legal counsel of the joint underwriters Goldman Sachs, BofA Securities and Jefferies, provided professional legal advice and effective solutions with respect of the PRC laws to this Offering.
Haiwen team advising on this Offering is led by Shuangjuan Wei, Ji Hu and Jiangshan Tang, and the team members include Yuqing Gu, Min Li, Lu He, Jue Huang, Lu Liu and other colleagues.
Beijing ICP No. 05019364-1 Beijing Public Network Security 110105011258
