Chinese online grocery firm Dada Nexus Ltd said on Monday it aims to raise up to $280.5 million in a U.S. initial public offering (IPO), attempting a listing on New York’s Nasdaq at a time of deepening tensions between Washington and Beijing.
The company set a price range of $15 to $17 per American Depository Share (ADS) for 16.5 million ADS in the IPO, which at the top end of this target would value the company at over $3.7 billion.
