Pinduoduo announces proposed offering of convertible senior notes and proposed offering of american depositary shares

Shanghai, china, nov. 17, 2020 (globe newswire) -- pinduoduo inc. (“pinduoduo” or the “company”) (nasdaq: pdd), an innovative and fast-growing technology platform and one of the leading chinese e-commerce players, today announced the proposed registered underwritten public offering (the “notes offering”) by the company of its convertible senior notes due 2025 (the “notes”) and the proposed registered underwritten public offering (the “ads offering,” and together with the notes offering, the “offerings”) of its american depositary shares (“adss”), each representing four class a ordinary shares, par value $0.000005 per share.
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