Chinese e-commerce platform Ruhnn Holding files for U.S. IPO

CHINESE e-commerce platform Ruhnn Holding filed on Wednesday with the U.S. Securities and Exchange Commission to raise up to 200 million U.S. dollars in an initial public offering (IPO).

The platform, based in China's southeastern city of Hangzhou, was founded in 2016. It focuses on connecting consumers and brands through key opinion leaders.

The company booked 157 million dollars in sales for the 12 months ended Dec. 31, 2018.

It plans to list on the Nasdaq under the symbol RUHN. Citi and UBS Investment Bank are the joint bookrunners on the deal. No pricing terms were disclosed.