<SEC-DOCUMENT>0001104659-19-006545.txt : 20190208
<SEC-HEADER>0001104659-19-006545.hdr.sgml : 20190208
<ACCEPTANCE-DATETIME>20190208080000
ACCESSION NUMBER:		0001104659-19-006545
CONFORMED SUBMISSION TYPE:	FWP
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20190208
DATE AS OF CHANGE:		20190208

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pinduoduo Inc.
		CENTRAL INDEX KEY:			0001737806
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	333-229523
		FILM NUMBER:		19577571

	BUSINESS ADDRESS:	
		STREET 1:		28/F, NO. 533 LOUSHANGUAN ROAD
		STREET 2:		CHANGNING DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200051
		BUSINESS PHONE:		86 21-52661300

	MAIL ADDRESS:	
		STREET 1:		28/F, NO. 533 LOUSHANGUAN ROAD
		STREET 2:		CHANGNING DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200051

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Walnut Street Group Holding Ltd
		DATE OF NAME CHANGE:	20180628

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Pinduoduo Inc.
		DATE OF NAME CHANGE:	20180628

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Walnut Street Group Holding Ltd
		DATE OF NAME CHANGE:	20180417

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Pinduoduo Inc.
		CENTRAL INDEX KEY:			0001737806
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		FWP

	BUSINESS ADDRESS:	
		STREET 1:		28/F, NO. 533 LOUSHANGUAN ROAD
		STREET 2:		CHANGNING DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200051
		BUSINESS PHONE:		86 21-52661300

	MAIL ADDRESS:	
		STREET 1:		28/F, NO. 533 LOUSHANGUAN ROAD
		STREET 2:		CHANGNING DISTRICT
		CITY:			SHANGHAI
		STATE:			F4
		ZIP:			200051

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Walnut Street Group Holding Ltd
		DATE OF NAME CHANGE:	20180628

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Pinduoduo Inc.
		DATE OF NAME CHANGE:	20180628

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Walnut Street Group Holding Ltd
		DATE OF NAME CHANGE:	20180417
</SEC-HEADER>
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<TYPE>FWP
<SEQUENCE>1
<FILENAME>a19-1000_11fwp.htm
<DESCRIPTION>FWP
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<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="right" style="margin:0in 0in .0001pt;text-align:right;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Issuer Free Writing Prospectus<br> Filed Pursuant to Rule&nbsp;433<br> Registration No.&nbsp;333-229523<br> February&nbsp;8, 2019</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Pinduoduo Inc.</font></b></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Pinduoduo Inc.</font></i><i>, or the Company, </i><i>has filed a registration statement on Form&nbsp;F-1 (including a prospectus) with the Securities and Exchange Commission, or the SEC, for the offering to which this free writing prospectus relates. The Registration Statement was declared effective by the SEC on February&nbsp;7, 2019.</i></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Before you invest, you should read the prospectus in that registration statement and other documents the Company has filed with the SEC for more complete information about the Company and this offering. Investors should rely upon the prospectus and any relevant free writing prospectus for complete details. You may obtain these documents and other documents the Company has filed for free by visiting EDGAR on the SEC web site at www.sec.gov. Alternatively, the Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling Goldman Sachs (Asia) L.L.C. at +1 (866) 471-2526, Merrill Lynch, Pierce, Fenner&nbsp;&amp; Smith Incorporated at +1-800-294-1322, Morgan Stanley&nbsp;&amp;&nbsp;Co.&nbsp;LLC at +1 (866) 718-1649, China International Capital Corporation Hong Kong Securities Limited at +1 (646) 794-8800, and China Renaissance Securities (Hong Kong) Limited at +852-2287-1600. You may also access the Company&#146;s most recent prospectus dated February&nbsp;7, 2019, which is included in Amendment No.&nbsp;2 to the Company&#146;s registration statement on Form&nbsp;F-1, as filed with the SEC on February&nbsp;7, 2018, or Amendment No.&nbsp;2, by visiting EDGAR on the SEC website at: </font></i><a href="http://www.sec.gov/Archives/edgar/data/1737806/000104746919000391/a2237673zf-1a.htm"><i>https://www.sec.gov/Archives/edgar/data/1737806/000104746919000391/a2237673zf-1a.htm</i></a></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On February&nbsp;8, 2019, the registered follow-on public offering of an aggregate of 55,000,000 American depositary shares (&#147;ADSs&#148;), each representing four Class&nbsp;A ordinary shares of the Company, by the Company and certain selling shareholders was priced at US$25.00 per ADS.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Company will issue and sell 40,185,000 ADSs and the selling shareholders will sell an aggregate of 14,815,000 ADSs. The Company has granted to the underwriters a 30-day option to purchase up to 8,250,000 additional ADSs, and such optional ADSs, upon exercise, will solely be sold by the Company.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The gross proceeds to the Company will be approximately US$1.2 billion, assuming the underwriters fully exercise their option to purchase additional shares. The Company will not receive any proceeds from the sale of the ADSs by the selling shareholders.</font></p>
<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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