China's Missfresh stale as rival Dingdong on tap to price IPO

Missfresh

28/06/2021 12:43

** Shares of Chinese online grocery firm Missfresh  MF.O 
down ~8% premarket, a day after slumping in debut
    ** Tencent Holdings Ltd-backed  0700.HK  co's shares on Fri
plunged ~26% to close at $9.66 vs IPO price of $13  urn:newsml:reuters.com:*:nL3N2O7376
    ** This as rival Dingdong  DDL.N , backed by SoftBank
 9984.T , looks to price its IPO on Mon after market close and
for its shares to debut on NYSE on Tues
    ** Dingdong targeting over $6 bln valuation on planned sale
of 14 mln ADSs at $23.50-$25.50  urn:newsml:reuters.com:*:nL3N2O441T
    ** Separately, Didi Global  DIDI.N , China's biggest
ride-hailing firm, set to close order books on Mon for its ~$4
bln IPO, sources told Reuters  urn:newsml:reuters.com:*:nL2N2OA04W
    ** Didi's IPO scheduled to price Tues after the bell; its
shares expected to begin trading the next day in the U.S.

 (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))