Yunji, a Chinese e-commerce site that uses a social platform to promote its products, filed on Thursday with the SEC to raise up to $200 million in an initial public offering.
The Hangzhou, China-based company was founded in 2015 and booked $1.9 billion in sales for the 12 months ended December 31, 2018. It plans to list on the Nasdaq under the symbol YJ. Yunji filed confidentially on January 11, 2019. Morgan Stanley, Credit Suisse, J.P. Morgan and CICC are the joint bookrunners on the deal. No pricing terms were disclosed.
