Technology
360buy.com sets sights on $2b US IPO
Updated: 2011-05-18 14:35
(Crienglish.com.cn)
The owner of Chinese site 360buy.com is now hoping to raise at least $2 billion in an initial public offering (IPO) in the US by 2013 or later.
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A $2 billion dollar IPO would be big, even by the standards of recent Chinese listings.
360buy rival Dangdang only raised $272 million from investors ahead of its December listing on the New York Stock Exchange.
Founded in 2004 with a business model similar to Amazon.com, 360buy sells a broad range of products, such as electronics and cosmetics.
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