CICC, Citigroup, Goldman, Others to Arrange Vancl IPO
Chinese online clothing company Vancl has mandated CICC, Citigroup, Credit Suisse, Goldman Sachs and Morgan Stanley to arrange its up to $1 billion U.S. initial public offering, Reuters reported, citing a story in the IFR. Vancl is backed by investors including IDG, SAIF Partners, Ceyuan Ventures and Qiming Venture Partners. Based in Beijing, it is one of the most profitable consumer retail websites in China, Reuters said.
Bycnolan
6 June 2011•1 min read
