Yunji Weidian taps banks for US IPO

Source:Reuters Published: 2018/9/6 20:33:43

Chinese e-commerce portal Yunji Weidian has hired investment banks for an initial public offering it plans to launch in the US early next year, a source said.

Yunji hopes to fetch a valuation of between $7 billion and $10 billion in the IPO, and has mandated Morgan Stanley, Credit Suisse Group AG and JPMorgan Chase & Co to lead the listing on the NASDAQ stock exchange, the source said.


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