Online firm Wowo raises $40m in IPO

Updated: 2015-04-09 05:43

By JACK FREIFELDER in New York(China Daily USA)

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Online firm Wowo raises $40m in IPO

Maodong Xu, chairman and CEO of the Beijing-based e-commerce firm Wowo Ltd, is the first Chinese executive to see his company list on a US exchange in 2015. Wowo sold 4 million shares in a Wednesday offering at the Nasdaq Stock Market in New York, raising $40 million in the process.[Provided To China Daily]

 

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