Aihuishou to raise US$1bil in US IPO


HONG KONG: Chinese secondhand electronics trading platform Aihuishou is aiming to raise US$500mil to US$1bil (RM2bil to RM4.1bil) in a US 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 US$4bil to US$5bil in the float, said the people.

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