China's Dangdang files for $200m US IPO
Updated: 2010-11-18 11:14
(Agencies)
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MixxE-Commerce China Dangdang Inc, the Chinese equivalent of Amazon.com, filed with the US regulators to raise up to $200 million in an initial public offering of American Depositary Shares.
The China-based e-commerce company said in a regulatory filing that it would use the net proceeds to broaden its product categories and enhance technology infrastructure.
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The online retailer had been talking about a US listing since 2006, but had delayed it due to unfavorable market conditions.
Credit Suisse, Morgan Stanley, and Piper Jaffray are among the underwriters for the IPO.
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