Chinese e-commerce platform Mogujie to raise $200 mln in U.S. IPO

11/12/2018 11:56:00 AM (GMT)

China-based fashion-focused e-commerce platform Mogujie Inc. plans to raise $200 million in an initial public offering (IPO) in New York.

Mogujie plans to list its shares on the New York Stock Exchange under the symbol of MOGU.

U.S.-based financial services company Morgan Stanley, Credit Suisse, and China Renaissance are the underwriters on the deal.

Mogujie, which has shareholders such as Chinese entertainment to technology company Tencent, Hillhouse Capital and Trustbridge Partners, acquired its rival Meilishuo in 2016.

Mogujie Inc.

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