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China's Jumei.com Sets IPO Terms

The country's largest online beauty retailer plans to raise $195 million.

JUMEI.COM SETS IPO TERMS: China’s largest online beauty retailer, which plans to raise $195 million, has set the price range for its shares at between $19.50 and $21.50 a share. The company, based in Beijing, plans to offer 9.5 million shares in its public offering. At the midpoint of its per share range, the company would have a market value of about $3 billion. Jumei.com plans to list on the New York Stock Exchange, and will trade under the symbol “JMEI.”

The e-tailer is expected to complete its IPO next week.

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