|Beijing based travel site Qunar files for a $125 million IPO.|
Thursday, 3rd October 2013
Source : Renaissance Capital LLC
Qunar, a Baidu subsidiary website that lets consumers compare hotel and travel info, filed on Monday with the SEC to raise up to $125 million in an initial public offering.
The Beijing, China-based company, which was founded in 2005 and booked $107 million in sales for the 12 months ended June 30, 2013, plans to list on the NYSE under the symbol QUNR.
Qunar.com initially filed confidentially on April 12, 2013. Goldman Sachs (Asia), Deutsche Bank and Stifel are the joint bookrunners on the deal. No pricing terms were disclosed.