Indian digital commerce platform Homeshop18 files for a $75 million IPO


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NW18 HSN Holdings, the digital retail arm of Indian media group Network 18, filed on Wednesday with the SEC to raise up to $75 million in an initial public offering. The company operates its e-commerce website and shopping television channel on the HomeShop18 platform.

The Noida, India-based company, which was founded in 2006 and booked $51 million in sales for the 12 months ended September 30, 2013, plans to list under the symbol HS. NW18 HSN Holdings initially filed confidentially on December 3, 2012. Citi and Credit Suisse are the joint bookrunners on the deal. No pricing terms were disclosed and an exchange has not yet been announced.

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