Ant-backed Dasouche Seeks $54M in Nasdaq IPO, Targets $901M Valuation

According to Reuters, Ant Group-backed DSC Holdings, also known as Dasouche, filed for a Nasdaq initial public offering yesterday seeking up to $54 million at a potential valuation of $901 million. The Chinese used-car software and transaction services provider plans to offer 3 million American depositary shares priced between $16 and $18 each. Ant Group's wholly owned unit API (Hong Kong) Investment has indicated interest in purchasing up to $30 million worth of shares.
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