Youdao, Inc. Announces Closing of Initial Public Offering and Concurrent Private Placement
Youdao, Inc. American Depositary Shares, each representing one Class A Ordinary Share (DAO)
Company Research
Source: PR Newswire
BEIJING, Oct. 29, 2019 /PRNewswire/ -- Youdao, Inc. ("Youdao" or the "Company") (NYSE: DAO), a leading intelligent learning company in China, today announced the closing of its initial public offering (the "IPO") of 5,600,000 American depositary shares ("ADSs"), at a price to the public of US$17.00 per ADS. The aggregate gross proceeds from the IPO and the concurrent private placement described below were approximately US$220.2 million (inclusive of approximately US$95.2 million of ADSs sold in the IPO), before deducting underwriting discounts and commissions and estimated offering expenses. Each ADS represents one Class A ordinary share of the Company. The ADSs began trading on the New York Stock Exchange on October 25, 2019, under the ticker symbol "DAO."In addition, the Company has granted the underwriters an option, exercisable for 30 days from the date of the final prospectus, to purchase up to an aggregate of 840,000 additional ADSs to cover over-allotments.Citigroup Global Mark
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News
- Youdao, Inc. (NYSE: DAO) was downgraded by analysts at Citigroup Inc. from a "buy" rating to a "neutral" rating.MarketBeat
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- Youdao 2024 Annual General Meeting of ShareholdersPR Newswire
- Youdao Inc (DAO) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst Strategic Shifts [Yahoo! Finance]Yahoo! Finance
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DAO
Sec Filings
- 11/26/24 - Form S-8
- 11/14/24 - Form SC
- 11/14/24 - Form 6-K
- DAO's page on the SEC website