Lashou Selects New Underwriters, Will Raise $100M to $200M at $1.1B Valuation

1 min read

Chinese group buying service Lashou has selected CCIG (China Capital Investment Group) and Nomura Securities as main underwriter of its IPO instead of Goldman Sachs and Morgan Stanley, with Barclays Capitals also listed as additional underwriter. The Beijing-based company plans to raise between US$ 100 million and $ 200 million in the imminent initial public offering in the fourth quarter of this year.


Founded by Chinese internet veteran Wu Bo in March of 2010, Lashou has raised US$ 166 million in three rounds of funding with valuation of over $ 1.1 billion.