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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DAO
News
- Youdao Filed 2023 Annual Report on Form 20-FPR Newswire
- China Adult Learning Market Growth and Trends - In-Depth Analysis and Forecast Up to 2029 [Yahoo! Finance]Yahoo! Finance
- China Adult Learning Market Growth and Trends - In-Depth Analysis and Forecast Up to 2029PR Newswire
- China Adult Learning Analysis Report 2024: Market to Surpass $195 Billion by 2029, Driven by Increasing Demand for Upskilling and Reskilling and Rise In Senior Adult Learning [Yahoo! Finance]Yahoo! Finance
- Youdao: Expecting A Better Year Ahead [Seeking Alpha]Seeking Alpha
DAO
Sec Filings
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- 2/29/24 - Form 6-K
- DAO's page on the SEC website