Under the headwinds, why does Dada still “get ahead”?
Editor’s note: This article comes from the WeChat public account “Gelonghui new shares” (ID: ipopress), author : Ge Guevara.
The outbreak of Ruixing’s counterfeiting incident has caused China’s reputation in the US stock market to be greatly damaged. On May 20, the US Senate passed the Foreign Company Accountability Act; Nasdaq also raised the IPO threshold, setting the minimum amount of IPO for the first time, requiring listed companies to raise funds of 25 million US dollars or at least 1/4 of market value after listing.
During the time when the Chinese stock market has returned, Dada Group (DADA) went to the United States to ring the bell and became the first Chinese stock market listed after the new bill. Despite his well-known origins, Dada had an unfavorable start in the Chinese stock market, where funds continued to flow. After the opening, it quickly dived below the issue price. Since the opening, it has fallen by as much as 20%, and finally closed at 15.99 US dollars, with a market value of 3.497 billion US dollars. .
(Dada’s stock price trend, Source: Wind )
At the beginning of the year, GEM publishes an article, that Dada does not have a clear advantage in the track. At that time, the news of Dada’s listing had not been confirmed, and the new crown epidemic was only the end of Qingping. Only half a year now, the global macro market and the Chinese stock market survive