China's large B2C online shopping website has made new progress in IPO. Yesterday, reporters from vancl It is informed that it has appointed 5 investment banks of CICC, Citigroup, Credit Suisse, Goldman Sachs and Morgan and Stanley to be responsible for the listing and trading of the company. If all goes well, fan is expected to be in the fourth quarter of this year. Listing in the US 。

It is understood that the sale of $1 billion by fan Ke pin to the US IPO plan will be used for business expansion and M & A transactions. This scale of financing will become the largest listing and financing transaction of Chinese Internet companies this year. A person in charge of the company told reporters that the company is steadily promoting its listing and is expected to go public in the US by the end of this year. Since the company has not formally submitted the prospectus to the US securities regulatory authorities, the number of shares and the proportion of shares after the listing are not yet known.

Founded in 2007, Fan Cheng pin is selling its own clothing brand online. business model 。 According to AI consulting data, the market share of B2C was 1.9% in the first quarter of 2011 in China's online shopping market. Up to now, van customer has completed the 5 round of financing, financing amount of about $200 million.
Source: Beijing daily writer: Sun Chaoyi