Chinese Groupon sets price range for US IPO

LaShou could raise up to $80 million after offering its shares at a significant discount to its larger US peer.

Chinese actor Ge You promotes group-buying website AFP

LaShou Group, a Chinese operator of a Groupon-like group-buying website, is seeking to raise as much as $80 million from a US initial public offering.

The company, which filed for an IPO of up to $100 million with the US SEC in late October, launched a roadshow yesterday, less than a week after Chicago-based Groupon made its successful debut...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Click for more on: ipo | internet | groupon | barclays capital | cicc | jefferies

Print Edition

FinanceAsia Print Edition