(Reuters) - Chinese online grocery firm Dada Nexus Ltd on Friday raised $320 million in an upsized initial public offering, amid increased scrutiny of Chinese companies pursuing U.S. listings.
Dada priced its IPO of 20 million American Depository shares (ADS) at $16 each, valuing it at $3.5 billion.
The firm had earlier planned to sell 16.5 million shares at a range of $15–$17 per share.
(This story corrects valuation to $3.5 billion from $13.99 billion in second paragraph)
Reporting by Abhishek Manikandan; Editing by Sriraj Kalluvila