HONG KONG Feb 13 Online cosmetics retailer
Jumei.com hired Credit Suisse and Goldman Sachs to manage an up
to $600 million initial public offering in the United States,
joining other Chinese firms queueing to raise funds there as
technology company valuations soar.
Jumei.com, which sells beauty products and perfumes, is
expected to launch its IPO in the first half of 2014, Thomson
Reuters publication IFR reported on Thursday, citing a source
familiar with the plans.
The size of the offering may grow if existing shareholders
also decide to sell their shares, IFR added.
Bankers estimate nearly 30 Chinese issuers looking to list
in the United States. JD.com Inc, China's second-biggest
e-commerce firm after Alibaba Group Holding Ltd, last month
filed to raise $1.5 billion in what would be the second-biggest
ever U.S. IPO by a Chinese company.
Jumei.com, which is among the top 20 most visited e-commerce
websites in China, said in 2011 it had received an investment of
more than $10 million from U.S. venture-capital firm Sequoia
Capital, IFR said.