VC-backed WoWo sets terms for $66m NASDAQ IPO
Chinese entertainment and lifestyle-focused e-commerce platform WoWo – which started out as operator of group-buying site 55tuan – plans to raise up to $66 million through its IPO on NASDAQ.
The company filed for the offering last month and has now disclosed that it will sell six million American Depository Shares (ADS) at $9-11 apiece. Neither of the principal venture capital backers, CDH...
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