SoftBank-backed Chinese grocery app Dingdong targets over $6b valuation in US IPO

SoftBank-backed Chinese grocery app Dingdong targets over $6b valuation in US IPO

Photo by Fikri Rasyid on Unsplash

Chinese unicorn Dingdong, backed by SoftBank Vision Fund II, is aiming for a more than $6 billion valuation in its New York debut as the grocery app joins Asian tech startups seeking to tap into the IPO boom in the United States.