Lashou Puts off IPO Roadshow Due to Accounting Issues

There’s no new Chinese IPO on Nasdaq from Tudou’s August listing on. Lashou.com, one of the most audacious group buying services was wildly rumored to and highly expected to be the next one till latest rumor shattered the picture.

Just like Groupon’s uneven IPO process, the IPO journey for Lashou is also a bumpy one.

In October, Lashou was reportedly selecting CCIG (China Capital Investment Group), Nomura Securities and Barclays as new main underwriter to replace Goldman Sachs and Morgan Stanley. Everything seemed fine and fared normally. Then earlier this month, the Beijing-based service held up its IPO roadshow to clarify accounting issues with the SEC. Barclays is the lead underwriter.

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom