Jumei.com re­port­edly plan­ning New York IPO

China Daily (Canada) - - BUSINESS -

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.

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