Missfresh (MI) IPO Opens 18% Lower

Today's IPO for Missfresh (NASDAQ: MI) opened for trading at $10.65 after pricing 21 million American Depositary Shares (ADSs) $13.

The offering is being led by J.P. Morgan, Citi, CICC, China Renaissance, Haitong International, CMB International Capital, ICBC International, Needham & Co., China Merchants Securities, GF Securities, and ABCI Capital.

Missfresh is a China-based e-commerce platform for grocery delivery.

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