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Chinese e-commerce company Walnut Street Group files for a $1.0 billion US IPO


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Walnut Street Group Holding, a Chinese e-commerce company operating the Pinduoduo mobile platform, filed on Friday with the SEC to raise up to $1.0 billion in an initial public offering.

The Shanghai, China-based company was founded in 2015 and booked $467 million in sales for the 12 months ended March 31, 2018. It has not disclosed a ticker or exchange. Credit Suisse, Goldman Sachs (Asia) and CICC are the joint bookrunners on the deal. No pricing terms were disclosed.

The article Chinese e-commerce company Walnut Street Group files for a $1.0 billion US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: News Headlines , IPOs



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