Tencent-backed Chinese online grocer Missfresh eyes $3.8b valuation in US IPO

Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336 million from its US initial public offering, which is expected to value the company at up to $3.8 billion at the top end of the range.

Missfresh, which is backed by an affiliate of Chinese gaming and social media giant Tencent Holdings Ltd, is offering 21 million American Depositary Shares (ADSs) at a price range of between $13 and $16 each.

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