2021.07.01
On June 29, 2021, Dingdong (Cayman) Limited (hereinafter referred to as "Dingdong Shopping") was successfully listed on the New York Stock Exchange (NYSE) under the ticker symbol "DDL".
Founded in May 2017, Dingdong Buy is China's leading and fastest growing on demand fresh food e-commerce company, and is committed to providing users with a high quality, fresh food consumption experience. It has a service model of direct sourcing, distribution from warehouses, and delivery to homes in less than 30 minutes as well as technology-driven industry chain upgrades. As of May 2021, Dingdong Buy Food service now covers more than 30 cities including Shanghai, Beijing, Shenzhen, Hangzhou, Suzhou and Chengdu. It has over 1,000 community front-end warehouses and more than 30 million service users, making it a highly trusted Internet enterprise.
Since February 2021, JunHe has acted as the underwriters' PRC legal counsel. During this process, JunHe assisted the underwriters in conducting comprehensive domestic legal due diligence, coordinated and participated in various interviews, reviewed and revised the various transaction documents and the listing-related applications and offering documents. JunHe’s team assisted in responding to the SEC's concerns regarding the domestic legal-related feedback and issuing PRC legal opinions. On February 9, 2021, Dingdong launched its US IPO project and successfully listed on the New York Stock Exchange on June 29, 2021, which took 140 days.
The lead partner for the project was TAO, Xudong.
