Cleary and K&E lead on grocery e-commerce’s planned $357 mln IPO in New York

Kirkland & Ellis and Jingtian & Gongcheng are advising Dingdong, a SoftBank-backed grocery e-commerce platform, on its planned IPO in New York, with Cleary Gottlieb Steen & Hamilton and JunHe advising the joint underwriters.

Established in 2017, the Shanghai-headquartered Dingdong is a grocery e-commerce and online supermarket. It is seeking to raise up to $357 million through the IPO. Earlier in June, the company has completed its $330 million D+ Series finance led by SoftBank Vision Fund.

Maples and Calder is advising the issuer as the offshore lawyer. The joint underwriters include Morgan Stanley, BofA Securities and Credit Suisse.


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