Aihuishou plans US float in early June
Chinese secondhand electronics trading platform Aihuishou is aiming to raise US$500 million to US$1 billion in a US initial public offering by early June, two people with direct knowledge said.
The 10-year-old company, backed by online retailer JD.com Inc, is targeting a valuation of US$4 billion to US$5 billion in the float, said the people.
Aihuishou has hired Bank of America and Goldman Sachs to work on the IPO and plans to file around mid-May, said the sources, who declined to be named as the information is confidential.
The company and the two banks declined to comment.
Aihuishou recycles secondhand mobile phones, computers, laptops, cameras and other electronics products from individuals and corporations and resells them on its website and apps, as well as offline stores in 140 cities, according to its website.
The company aims to attract investors with its environmental, social and governance-friendly business nature, said one of the people.
It also counts International Finance Corporation and Tiger Global as investors, the website shows.
JD.com disclosed in 2019 it would merge its own Paipai secondhand business into Aihuishou with certain exclusive traffic resources for the next five years, and additionally invest US$20 million in cash in exchange for a non-controlling interest in the company.
- About Us
- |
- Terms of Use
- |
-
RSS
- |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔$粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.