HONG KONG: Mogu Inc, a Chinese startup selling fashion and cosmetics online, is poised to raise US$67mil in a US initial public offering (IPO) priced at the bottom of its marketed range, sources said.
The company, which counts Tencent Holdings Ltd as an investor, plans to price its sale of 4.75 million American depositary shares at US$14 each, the sources said. The shares were marketed at US$14 to US$16 apiece.
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