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Beijing's auto retailer Lentuo International files for $115 million IPO

November 18, 2010
LAS

Lentuo International, the largest private automobile retailer in Beijing, filed on Thursday with the SEC to raise up to $115 million in an initial public offering. The auto retailer, which was founded in 1994 and booked $345 million in sales last year, plans to list on the NYSE under the symbol LAS. Cowen & Company and HSBC Corporation are the lead underwriters on the deal, for which pricing terms and timing were not disclosed.