China's used electronics trading platform Aihuishou eyes up to $1b in US IPO

China's used electronics trading platform Aihuishou eyes up to $1b in US IPO

Photo by rupixen.com on Unsplash

Chinese secondhand electronics trading platform Aihuishou is aiming to raise $500 million to $1 billion in a U.S. initial public offering by early June, said two people with direct knowledge.

The 10-year-old company, backed by online retailer JD.Com Inc, is targeting a valuation of $4 billion to $5 billion in the float, said the people.

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