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Chinese Grocery App Dingdong Maicai Targets $500 Million With U.S. IPOs – Sources

Dingdong, a firm that provides fresh fruit and grocery delivery using a smartphone app in China, raised $95.7 million by setting the price of its initial public offering (I.P.O.) at $23.50 per share A.D.S. An increase to $5.5 billion market cap for the firm's...