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Investor Alert

press release

July 26, 2022, 2:01 a.m. EDT

ONGOING INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Announces Investigation into Dingdong (Cayman) Ltd (DDL)

NEW YORK, July 25, Jul 26, 2022 (GLOBE NEWSWIRE via COMTEX) -- NEW YORK, July 25, 2022 (GLOBE NEWSWIRE) -- Scott+Scott Attorneys at Law LLP ("Scott+Scott"), an international shareholder and consumer rights litigation firm, is investigating whether Dingdong (Cayman) Ltd ("Dingdong" or the "Company") /zigman2/quotes/227698451/composite DDL -2.47% and certain members of its management team violated federal securities laws. If you purchased Dingdong securities pursuant and/or traceable to Dingdong's Initial Public Offering ("IPO") in June 2021, and lost money, you are encouraged to contact Jonathan Zimmerman at (888) 398-9312 for more information.

Dingdong's IPO was priced at $23.50 per American Depository Share ("ADS"). On June 28, 2022, Dingdong's ADSs closed at $5.47, representing a loss of 76.7%.

What You Can Do

If you purchased Dingdong securities, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312, or at jzimmerman@scott-scott.com , or visit the Dingdong investigation page on our website at https://scott-scott.com/sec-investigation/dingdong-cayman-ltd/ .

About Scott+Scott Attorneys at Law LLP

Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.

Attorney Advertising

CONTACT:

Jonathan Zimmerman
Scott+Scott Attorneys at Law LLP
230 Park Ave, 17 [th] Fl, NY, NY 10169
(888) 398-9312
jzimmerman@scott-scott.com

COMTEX_410963832/2471/2022-07-26T02:00:40

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/zigman2/quotes/227698451/composite
US : U.S.: NYSE
$ 3.56
-0.09 -2.47%
Volume: 173,432
Sept. 30, 2022 4:10p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$789.86 million
Rev. per Employee
$917,649
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