Lashou Still Thinks about IPO, If Possible

We yesterday wrote about Lashou, the Chinese daily deal site, filing with SEC to withdraw its IPO plan, citing “focus on corporate development”. Niu Lihua, VP of the company, said yesterday it’s the best decision for the company, staff and shareholders both at present and in the future.

What else she also said? Local news broke that Niu didn’t rule out the possibility of a perspective initial public offering for the company if market turns around in the future. She also claimed Lashou enjoys the highest cash reserve among all peers with no less than RMB 500 million at hand.

While refused to disclose the exact number Lashou pocketed every month, Niu did mention that the revenue range is between RMB 200 and 300 million monthly.

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