Sina Science and Technology News in the afternoon of June 2, Beijing time, domestic real-time retail and distribution platform Dada Nexus Limited will launch an initial public offering (IPO) on Friday under the symbol "DADA", which is planned in the United States.NASDAQListed on the market.

June 1st,Dada Nexus Limited filed an updated prospectus with the Securities and Exchange Commission (SEC). According to the prospectus, the IPO offering price ranges from $15 to $17 per American depositary share (ADS) and is expected to issue 16.5 million ADS, with each ADS representing four common shares. As a result, the valuation will be $35-$4 billion.

In addition, the prospectus also revealed that Dada had revenue of $518.5 million in the past 12 months and a loss of $227.6 million in the past 12 months.

On May 13, Dada Nexus Limited submitted a prospectus for the first time, planning to use the "DADA" as the securities symbol in the United States.NASDAQListed on the market. Lead underwriters for IPO transactions include investment banksGoldman Sachs Group, Bank of America Securities and Jeffery. The prospectus showsJingDongVs.Walmart IncAs the cornerstone investor of Dada Nexus Limited. This time, Walmart Inc and JD.com intend to become Dada Nexus Limited cornerstone investors, subscribing a total of US $90 million. The updated prospectus shows that JD.com Group and Walmart Inc hold about 45.3% and 9.5% shares, respectively.(Yi Yi)