Chinese online fashion platform Mogu to secure $76 mln in U.S. IPO

12/01/2018 11:25:00 AM (GMT)

China-based online fashion and cosmetics startup Mogu Inc. is planning to go public on the New York Stock Exchange.

Mogu Inc seeks to offer 4.75 million American depositary shares (ADSs) at $14 to $16 apiece price range and will list its shares on December 5.

Mogu Inc intends to raise up to $76 million in the initial public offering (IPO). At a midpoint price of $15 per share, Mogu would receive $60.6 million from this offering.

U.S.-based investment firm Morgan Stanley & Co. International, Credit Suisse Securities (USA) LLC, and China Renaissance Securities (Hong Kong) Ltd. may purchase an additional 712,500 ADSs in an over-allotment.

Mogu Inc.

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