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    Uxin, China's leading used car platform, files for a $500 million US IPO

    Uxin, China's leading used car platform, files for a $500 million US IPO
    May 29, 2018, 05:49:00 PM EDT By Renaissance Capital, Renaissance Capital

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    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 $2.3 billion 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.

    The article Uxin, China's leading used car platform, files for a $500 million US IPO originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

    Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.