Secondhand car dealer eyes IPO: report

Updated 2017-11-08 15:01:58 Global Times

Chinese secondhand car dealer xin.com plans an IPO in the U.S. to raise 0 million, media reported on Tuesday.

The Chinese company will appoint Goldman Sachs, JPMorgan Chase & Co and Morgan Stanley as issuers, domestic tech news site awtmt.com reported.

The company declined to further comment on the issue.

In 2013, its parent company finalized A-round financing of million, co-invested by Chinese Internet giant Tencent Holdings and venture capital firms such as Legend Capital and Hillhouse Capital.

The company has so far raised more than billion.

The company has no timeline for the IPO, a PR representative from xin.com was quoted as saying in a separate media report.

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