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Chinese online cosmetics retailer Jumei files for $400 million U.S. IPO

12
Apr
2014

(Reuters) – Jumei International Holding Ltd, backed by venture-capital firm Sequoia Capital, filed with U.S. regulators on Friday to raise up to $400 million in an initial public offering of American Depositary Shares. Goldman Sachs (Asia) LLC, Credit Suisse and J.P. Morgan were the lead underwriters for the IPO, the company told the U.S. Securities and Exchange Commission in a preliminary prospectus. Jumei.com, which is among the top 20 most visited e-commerce websites in China, received an investment of more than $10 million from Sequoia Capital in 2011, according to Thomson Reuters publication IFR.

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