Van Ke Cheng Wants To Go To The US For &Nbsp In The Fourth Quarter, And Plans To Raise $1 Billion.

2011/5/25 11:21:00 74

Fan Kai Pin'S Planned Financing In The US

According to people familiar with the matter, China's online brand clothing retailer, fan Kai pin, is planning a new round of financing after financing $100 million at the end of last year.

financing

At least $100 million is raised.

Last October, it was reported that sales of 2011 were expected to grow two times to $3 billion, and planned to be

NASDAQ

The stock exchange is listed.

Today, there are reports that van IPO is planning to go to the US for $1 billion in the fourth quarter of this year.

China online apparel retailers

vancl

It will raise $1 billion through public listing, which is the largest financing of Internet companies listed in China this year.

According to Reuters Thomson Company's international financial review (IFR), the company in Beijing will soon authorize banks to list on the market and will be listed as planned in the fourth quarter of 2011.

Fan Ke Cheng, founded in 2007, has received support from private equity funds and Vc firm, including IDG, SAIF partners, Ceyuan venture capital and Qiming venture partners.

IFR said it is one of the four most profitable consumer retail network companies.

In addition, IFR points out that the poor performance of IPO in China's Internet companies such as Renren et al. May reduce the market's high expectations of fans.