PendingDAO

IPO Update: Youdao Files Proposed Terms For U.S. Initial Offering – Youdao (Pending:DAO)

Quick Take Youdao (DAO) has filed to raise $92 million from the sale of ADSs in a U.S. IPO, according to an amended F-1/A registration statement. The company provides educational services to a wide age-range of students in China. DAO has been growing quickly but producing increasing operating losses and cash burn. While the firm […]

IPO Update: Youdao Files Proposed Terms For U.S. Initial Offering – Youdao (Pending:DAO) Read More »

Youdao Begins Large U.S. IPO Effort – Youdao (Pending:DAO)

Quick Take Youdao (DAO) has filed to raise gross proceeds of $300 million from a U.S. IPO, according to an F-1 registration statement. The firm provides online learning solutions to Chinese residents through a suite of apps, products and services. DAO is growing quickly but producing large operating losses and cash burn. When we learn