Skip to content
Subscriber Only

Sequoia-Backed Grocery App Dingdong Maicai Mulls U.S. IPO

  • Dingdong Maicai is weighing a U.S. share sale as soon as 2021
  • Firm is considering to raise at least $300 million in offering
An employee of Dingdong Maicai prepares an online order at a warehouse in Shanghai. 

An employee of Dingdong Maicai prepares an online order at a warehouse in Shanghai. 

Photographer: Xinhua/Fang Zhe via Getty Images

Chinese grocery app Dingdong Maicai is considering an initial public offering in the U.S. as soon as this year to bankroll its expansion in the competitive fresh food delivery market, according to people familiar with the matter.

The Sequoia Capital China-backed company is working with advisers on the offering, which could raise at least $300 million, the people said, requesting not to be named because the discussions are private.