Jumei.com reportedly planning New York IPO
Jumei.com, an e-commerce company that sells cosmetics, is planning a US initial public offering and will seek to raise about $500 million. Jumei, which sells products from Clinique lotion to Kiehl’s toner, is working with Goldman Sachs Group Inc and Credit Suisse Group AG on a public listing in New York, said two people, who asked not to be identified. The China-based company would join JD.com, in seeking capital in the US. JD.com recently filed document showing plans to raise $1.5 billion in a New York offering.