Jumei International Holding Ltd. adorns the New York Stock Exchange on Friday. The company said it sold 11.1 million American depositary shares at $22 apiece Friday in an IPO that raised about $245.1 million. (MICHAEL BARRIS/CHINA DAILY)

Chinese online cosmetics retailer Jumei International Holding Ltd. sold 11.1 million American depositary shares at $22 apiece Friday in an IPO that raised about $245.1 million.

Shares will trade on the New York Stock Exchange under the ticker symbol JMEI. Jumei becomes the latest Chinese company to bathe in the reflected glow of Alibaba Group's pending New York IPO.

JD.com Inc, China's second-largest e-commerce company by transactions, is expected to go public next week on the Nasdaq Stock Market.

Earlier this month, Alibaba, China's biggest e-commerce company, officially filed plans to offer shares in the US in what is expected to be one of the largest IPOs ever.

Jumei's IPO was managed by Goldman Sachs Group Inc, Credit Suisse Securities AG, JP Morgan Securities LLC, China Renaissance Securities Hong Kong Ltd, Piper Jaffray & Co and Oppenheimer & Co, Inc.