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home / news releases / DDL - Online grocer Thrive Market is said to consider IPO that would value it at $2B

DDL - Online grocer Thrive Market is said to consider IPO that would value it at $2B

Dingdong (Cayman) Limited American Depositary Shares (each two representing three)
Moyo Studio/iStock via Getty Images Online grocer Thrive Market is reportedly evaluating a potential IPO and is looking for a valuation of more than $2B. Thrive Market is working with Goldman on a plan, according to a Bloomberg report. Thrive Market was founded in 2014. The online grocer has a membership model and carries organic and non-GMO products. Los Angeles-based Thrive has raised about $240M in funding and last raised $20M in a convertible note in October 2019 from Invus, according to Crunchbase. Last week, Chinese grocery app Dingdong's (DDL) stock shoots up 95%+ intraday in second post-IPO session and Tencent-backed Chinese grocery app Missfresh’s (MF) stock falls 30%+ in two sessions since IPO.

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Online grocer Thrive Market is said to consider IPO that would value it at $2B
Stock Information
Company Name: Dingdong (Cayman) Limited American Depositary Shares (each two representing three)
Stock Symbol: DDL
Market: NYSE
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