Mcglaughlin Will Become The First IPO E-Commerce Enterprise In China

In October 7th, Apparel e-commerce enterprises Shanghai Mcglaughlin international mail order company's exposure to IPO (initial public offering) program in the US.

In October 7th, Mecox Lane, an apparel e-commerce company, visited the US IPO (initial public offering) plan in Shanghai to expose its exposure to Mcglaughlin. In this regard, China venture capital and private equity research advisory body, the Qing Ke group research center, predicts that e-commerce in China is expected. B2C (business to customers) the wave of enterprise listing will be near.

According to the relevant information disclosed by Nasdaq, Mcglaughlin has submitted IPO application documents to him, and the scale of financing is up to US $100 million. If approved, Mcglaughlin will become the first Chinese e-commerce enterprise to visit the US capital market.

It is reported that Mcglaughlin was founded in 1996 and is the first Chinese government to get permission from the government. mail order business The three foreign-invested enterprises, its vertical e-commerce website M18.com, is the second largest clothing company in China after B2C. According to the listing application documents submitted by Mcglaughlin, the listing code is MCOX, which plans to raise $100 million, but Mcglaughlin has not disclosed how many US depositary shares it plans to sell.

Prior to this, Mcglaughlin conducted three rounds of financing, attracting Sequoia Capital and other well-known private equity funds to join, financing a total of 122 million dollars.

It is noteworthy that, in addition to Mcglaughlin, since 2009, Jingdong mall, Dangdang and fan Kecheng products such as B2C e-commerce website ready for listing news has been reported.

Some investment bankers say Dangdang has chosen Morgan Stanley and Credit Suisse to act as its underwriters. The plan came to the US at the end of this year and raised $200 million. Dangdang did not respond to this.

Jingdong mall and fan Ke Cheng pin said that there is no definite listing plan yet.

However, analysts believe that Mcglaughlin's IPO will accelerate the listing of Chinese e-commerce enterprises to a certain extent.

In fact, in recent years, e-commerce has become the object of capital popularity.

According to the data of the Qing Research Center, there were 95 investment events in China's e-commerce B2C industry and related fields in the past 2006-2009 years, involving 44 enterprises and 604 million US dollars in investment. In the second quarter of this year, there were 16 investment events in the field of e-commerce B2C in China, of which 13 disclosed the amount of investment, the total investment amount was 138 million dollars, and the average investment amount was 10 million 610 thousand US dollars, which was higher than the average investment amount of e-commerce B2C market in 2008 and 2009.

According to the report of the Qing Branch, the future three types of e-commerce B2C enterprises have the prospect of listing, including 3C (computers, communications and consumer electronics), clothing and maternal and child e-commerce B2C enterprises. The leading companies in these three fields, such as Jingdong mall of 3C, clothing of all family products and maternal and infant children, are expected to be listed in the near future.

It is worth noting that China's largest e-commerce enterprise, Alibaba group, has split its B2B company, Alibaba Network Limited (1688.HK), and its C2C (customer to customer) enterprise Taobao has not announced any specific plans for listing.

Recently, however, Taobao has increasingly stepped up its investment in its B2C platform Taobao mall. Analysts say that Taobao will split the B2C business separately.