Mecox Lane Limited, China's leading e-commerce platform for apparel and accessories, announced terms for its IPO on Tuesday. The Shanghai-based company plans to raise $106 million by offering 11.7 million ADSs at a price range of $8$-10. At the mid-point of the proposed range, Mecox Lane will command a market value of $588 million. Mecox Lane, which was founded in 1996 and booked $209 million in sales for the 12 months ended June 30, plans to list on the NASDAQ under the symbol MCOX. Credit Suisse and UBS Investment Bank are the lead underwriters on the deal, for which timing was not disclosed.
