Chinese firm Jumei International Holding Ltd. has filed a shelf registration with the Securities and Exchange Commission stating that it plans to raise around $400 million in an initial public offering.
The filing didn't state when it plans to go public, although some in the investment community believe it is likely for the second half of this year, or on which exchange it plans to list.
Jumei.com is an e-commerce cosmetics firm based in Beijing.
The firm is backed by venture capital firm Sequoia Capital. The company, which said in the filing it posted $8.1 million in profits in 2012, more than tripled that to $25 million in 2013.
The filing also said it had 10.5 million active customers.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)