Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

Briefing
markets asia

Online Grocery Apps Dingdong Maicai and Missfresh File for U.S. IPOs

By
Shai Oster
· · Source: The Information

Chinese online grocery apps Dingdong Maicai and Missfresh have filed to list shares in the U.S., as China’s tech giants fight for a slice of the country’s vast market. Previously, Sequoia Capital China-backed Dingdong Maicai has raised some $1.45 billion in private funding and was valued at $2 billion after its last round, while Tencent-baked Missfresh has raised some $2.16 billion and is...

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Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley Dreams
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The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that advised Silicon Valley Bank’s owner and Credit Suisse through recent turmoil, got two doses of bad news last week.