Tencent-backed online grocer Missfresh ltd. filed for a U.S. IPO on Tuesday ahead of its rival Dingdong Maicai.

The company is seeking to raise nearly $100 million to list on the Nasdaq under the symbol MF.

Underwriters for the IPO include JPMorgan Chase, Citigroup, CICC, China Renaissance, Needham & Company, Futu Holdings, and Tiger Brokers.

Founded in October 2014, MissFresh launched its first distributed mini-warehouse (DMW) retail business in China in 2015. As of March 31, 2021, it has established 631 DMWs in 16 cities in China.

MissFresh completed its latest round of financing in July 2020, which was led by CIM Capital, with joint funding from Tencent Holdings Ltd., Tiger Global Management, LLC, Goldman Sachs Asset Management LP, and several other institutions.