17u.cn Prepares for Mainland Listing
Beijing Times, 12/24/12
According to the Beijing Times, Chinese online travel website 17u.cn will soon list on a domestic Chinese exchange. Gonsen Securities will serve as the IPO advisor for the transaction.
According to 17u.cn, the company's revenue grew over 200% YoY in Q3 2012 to RMB 160 mln. The total value of transactions on the site was RMB 2 bln for the quarter. Reservations completed online accounted for 90% of all reservations made with the company.
Editor's Note: For more information on this topic, please see "Travel Site 17u Considers ChiNext IPO," MD 5/14/12 and "17u.cn Q3 2012 Revenue Up 230% YoY," MD 11/15/12 issues.
Keywords: Internet IPO revenue online travel 17u.cn Gonsen growth rate
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