Credit: Shutterstock photoYunji, a Chinese e-commerce site that uses a social platform to promote its products, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.
The Hangzhou, China-based company was founded in 2015 and booked $1.9 billion in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol YJ. Yunji filed confidentially on January 11, 2019. Morgan Stanley, Credit Suisse, J.P. Morgan and CICC are the joint bookrunners on the deal. No pricing terms were disclosed.
The article Chinese social e-commerce platform Yunji files for a $200 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
