A Tencent-Backed Fashion App Is Seeking a $4 Billion US IPO

Yet another Chinese record association is headed for an initial open offering.

Meilishuo, the online conform tradesman corroborated by Tencent Holdings Ltd., is in talks with several investment banks about a U.S. initial open charity that could value a startup during about $4 billion, according to people informed with a matter. The women-focused online tradesman hosted a bake-off to plead IPO prospects with intensity advisors and underwriters, a people said, seeking not to be identified articulate about private negotiations.

Meilishuo, that joined with opposition Mogujie in 2016 to form a association with $3 billion in sales, was pronounced to have been valued during $3 billion during a time of that deal. The company, whose name means “Beauty Talk,” is one of a some-more renouned conform and cosmetics retailers online, a niche it’s clung to notwithstanding a prevalence of Alibaba Group Holding Ltd. and JD.com Inc. Meilishuo’s envisioned $4 billion gratefulness is an initial aim and could change if a understanding proceeds, a people said.

It’s one in a flourishing call of Chinese record companies looking to sell shares to a public. Smartphone builder Xiaomi Corp. is seeking a valuation of as most as $100 billion in a much-anticipated offering, people informed with a matter have said, while Meituan Dianping, a Chinese food examination and smoothness hulk also corroborated by Tencent, has begun discussions about a Hong Kong IPO during a gratefulness of during slightest $60 billion.

“Tencent wants to rise e-commerce around a partners, so Meilishuo could get a lot of resources and help,” pronounced Li Yujie, an researcher with RHB Research Institute Sdn in Hong Kong. “It still depends on how a altogether marketplace performs, though e-commerce sector-wise it would be a good year to fetch a good valuation.”

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