Chinese e-commerce platform DMall hires banks for over $500m US IPO

Chinese e-commerce platform DMall hires banks for over $500m US IPO

Chinese e-commerce platform Dmall (Beijing) E-commerce Co has hired Bank of America, Goldman Sachs and JPMorgan for a U.S. initial public offering of over $500 million, three people with direct knowledge told Reuters.

The six-year-old company, incubated by retailer Wumart Group, has begun preparations for the IPO and the listing could happen in the second half of this year, said one of them.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter