A5 (www.admin5.com) station network January 12th news, Wo Wo Group on Friday (January 10th) to the United States Securities and Exchange Commission (SEC) submitted IPO prospectus. The document intends to raise up to $40 million of funds, plans listed on nasdaq.
prospectus, Wo Wo Group 2014 net revenues for the 9 months was $20 million 642 thousand, compared to the same period in 2013 of $27 million 633 thousand; gross profit was $15 million 126 thousand, compared to the same period in 2013 of $22 million 894 thousand; a net loss of $32 million 447 thousand, compared to the same period in 2013 net loss of $21 million 121 thousand.
Wo Wo Group
(ie Wowo mall) was founded in March 15, 2010, is one of the largest China life service e-commerce platform, committed to connect businesses and consumers of local life services to help businesses sell the remaining service capabilities, to help consumers rational economic consumer choice, to create the largest life service Chinese idle away in seeking pleasure online mall.
Wo Wo Group in 2011 large-scale expansion, at once became the industry leader from the trading point of view; from 2012 began the transition from the group purchase mode to store mode, up to now to the position of local life service e-commerce platform "of the show, for local life service businesses to open online stores in our direct sales of its platform. The product or service to consumers. At present, three core products: Wowo mall and mobile client, our e-commerce operating system.
as early as May 2011, Wo Wo Group CEO Xu Maodong announced that the United States to start the IPO process, the reason for external use later. This listing, Wowo or "Wo Wo Group" as the flagship brand, but the company is early to group purchase is the key. However, compared to the U.S. group and the public comment has burst 700 million, another $800 million financing price news, $40 million fund-raising plan somewhat shabby".
experienced a number of rounds of shuffling, buy market trends, the United States mission, public comment, Baidu Nuomi accounted for more than 90% market share. However, there is no listing of a buy site.
however, three years, the group has long been an upsurge of retreat. The performance is not outstanding Wo Wo Group IPO at this time, prospects. Compared with the layout of group purchase business beyond the U.S. group and the public comment, Wo Wo Group seems to be the transformation results is not clear, the industry’s concern is that without warning again IPO Wo Wo Group can provide a more compelling story to the capital market.
Wo Wo Group announced the listing: no prospects just brush the presence of
Wo Wo Group
IPO submitted an application to the United States: SEC intends to raise $40 million
Wo Wo Group NASDAQ: shock counterattack life service providers first stock >