Sequoia-backed Chinese e-retailer Jumei files to raise $400m in IPO


cosmetic makeup beautySequoia Capital-backed Chinese online retailer Jumei has filed to raise $400m in an IPO.

The daily deals cosmetics company, which is also backed by Ventech, was founded in 2009.

Goldman Sachs (Asia), Credit Suisse and JP Morgan are acting as lead underwriters for the share sale.

Earlier this year early-stage investment giant Sequoia Capital led a $50m financing round for Chinese online second-hand vehicle retailer Cheyipai.

CITIC Capital, Matrix Partners and Morningside also took part in the financing following participation in both of Cheyipai’s previous round.

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