Uxin, a Chinese used-car auction platform providing B2B and B2C services, filed on Tuesday with the SEC to raise up to $500 million in an initial public offering.
The Beijing, China-based company was founded in 2011 and booked $353 million in sales for the 12 months ended March 31, 2018. It plans to list on the Nasdaq under the symbol UXIN. Uxin filed confidentially on February 8, 2018. Morgan Stanley, Goldman Sachs (Asia), J.P. Morgan, CICC and China Renaissance are the joint bookrunners on the deal. No pricing terms were disclosed.
