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.
Qunar is about to launch a roadshow for a $150 million US IPO, with a similar timetable to 58.com.
Qunar is about to launch a roadshow for a $150 million US IPO, with a similar timetable to 58.com.

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 $13-$15 apiece. The price range represents a 2014 price-to-equity ratio of 22.4-25.7 times, slightly higher than the valuation of its peers, sources said.

There is a concurrent private placement of 15 million...

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