Missfresh Limited Announces Pricing of Initial Public Offering

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Missfresh Limited (MF) Prices 21M ADS IPO at $13/sh

June 25, 2021 12:00 PM EDT

Missfresh Limited (NASDAQ: MF), an innovator and leader in Chinas neighborhood retail industry, today announced that it has priced its initial public offering of 21,000,000 American depositary shares (ADSs), at US$13 per ADS for a total offering size of approximately US$273 million, assuming the underwriters do not exercise their over-allotment option to purchase additional ADSs. Each ADS represents three Class B ordinary shares of the Company. The ADSs are expected to begin trading on the Nasdaq Global Select Market today under the ticker symbol MF.

In addition, the Company has granted to the... More