China's Dingdong doubles a day after debut; Didi on deck

Missfresh

30/06/2021 16:06

** Chinese online grocery app Dingdong  DDL.N  jumps ~96% to
$46 on Weds, after tripping two trading halts, a day after its
U.S. debut
    ** Softbank-backed co's shares on Tues wavered, and finished
session essentially flat to $23.50 IPO price, after deal size
was slashed by more than 70%  urn:newsml:reuters.com:*:nL3N2OB3PW
    ** DDL shares on Weds last up 75.85% at $41.36
    ** This as Didi Global  DIDI.N , China's ride-hailing giant,
is set to make its NYSE debut on Weds after pricing an upsized
$4.4 bln IPO  urn:newsml:reuters.com:*:nL2N2OB2QJ

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))