Sequoia-backs $1b take-private bid for China's Jumei
Sequoia Capital is supporting a take-private Chinese online beauty products retailer Jumei International that has been launched by the company’s founders. It values the US-listed business at approximately $1 billion.
Leo Chen, Jumei's chairman and CEO, his co-founder Yusen Dai, and Sequoia are willing to pay $7.00 in cash for all outstanding American Depository Shares (ADS), according to a regulatory filing. This represents...
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