Walnut Street Group Holding, a Chinese e-commerce company operating the Pinduoduo mobile platform, filed on Friday with the SEC to raise up to $1.0 billion in an initial public offering.
The Shanghai, China-based company was founded in 2015 and booked $467 million in sales for the 12 months ended March 31, 2018. It has not disclosed a ticker or exchange. Credit Suisse, Goldman Sachs (Asia) and CICC are the joint bookrunners on the deal. No pricing terms were disclosed.
