![]() ![]() WHERE YOU CAN FIND ADDITIONAL INFORMATION MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONSĭESCRIPTION OF AMERICAN DEPOSITARY SHARES SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS SUMMARY CONSOLIDATED FINANCIAL DATA AND OPERATING DATA ![]() The underwriters will receive the same underwriting discounts and commissions on any ADSs purchased by these parties as they will on any other ADSs sold to Initial public offering price, respectively. Holdings Limited and Sequoia Capital, two of our principal shareholders, have subscribed for, and have been allocated, 7,894,737 and 7,894,735 ADSs in this offering at the Class A ordinary shares are not convertible into Class B Share is entitled to ten votes and is convertible into one Class A ordinary share at any time by the holder thereof. Each Class A ordinary share is entitled to one vote, and each Class B ordinary Shares and Class B ordinary shares have the same rights except for voting and conversion rights. The completion of this offering, our issued share capital will consist of Class A ordinary shares and Class B ordinary shares. Huang, will beneficially own all of our issued Class B ordinary shares, representing 89.80% of our total voting power assuming the underwriters do not exercise their over-allotment option, orĨ9.60% of our total voting power, if the underwriters exercise their over-allotment option in full. This offering, we will be a "controlled company" as defined under the Nasdaq Stock Market Rules because our founder, chairman of the board of directors and chief executive officer, Mr. Zheng Our ADSs have been approved for listing on the Nasdaq Global Select Market under the symbol "PDD."Īre an "emerging growth company" under applicable U.S. federal securities laws and are eligible for reduced public company reporting requirements. To this offering, there has been no public market for the ADSs or our shares. Ordinary shares, par value US$0.000005 per share. This is an initial public offering of 85,600,000 American depositary shares, or ADSs, by Pinduoduo Inc. Representing 342,400,000 Class A Ordinary Shares Index to Consolidated Financial Statements Use these links to rapidly review the document ![]()
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