Apparel Business Website McCawlin Applying for IPO from Nasdaq

US Nasdaq disclosed yesterday that China's vertical clothing e-commerce website McCawling has submitted an IPO application document to it, intending to raise 100 million U.S. dollars to upgrade e-commerce infrastructure and build a new logistics center and warehouse. It is reported that this is the first time that Chinese e-commerce companies have conducted IPOs in the U.S. capital market.

Yesterday, the relevant person in charge of McCawley confirmed the matter and said that other details will be announced in the future. According to industry insider Sun Jie, if Mecoxlane successfully lands on Nasdaq, it will trigger an upsurge in the listing of Chinese e-commerce companies. It is reported that, in addition to Mecoxlane, after the Dangdang CEO Li Guoqing had revealed that it is expected to be early next year IPO. Jingdong Mall CEO Liu Qiang Dong also disclosed that it will strive to list overseas in the next year.

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