Chinese internet firms test US waters

Two Chinese groups are marketing their separate US listings, with market watchers keen to see whether they will revitalise demand for mainland companies listing in the US.

Chinese internet firms test US waters

Two Chinese companies are testing the waters of US investor sentiment before possible New York listings, providing a litmus test for peers that have seen fundraising plans hit by the closure of the mainland IPO market. 

Online marketplace 58.com began a roadshow in Singapore on October 18 for its IPO, looking to raise up to $165 million. The company is offering 11 million American Depositary Shares ADS at an indicative price range of...

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