Ecmoho Pharmacie plans US$100 million IPO
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Chinese online pharmacy Ecmoho is seeking to list on the New York Stock Exchange in order to raise US$100 million for expansion.
According to sources cited by Bloomberg, the IPO may take place as early as this year.
The company has declined comment on the matter and sources say the exact timing and the target to be raised may yet change.
Based in Shanghai, Ecmoho distributes supplements and pharmaceuticals online. As well as selling direct it has stores on JD and Alibaba’s platforms.
Ecmoho launched in 2002 as an online marketing service, transitioning into e-commerce in 2006, before sharpening its focus on the health sector in 2011. It sells products from domestic manufacturers and global brands.
Besides Mainland China and Hong Kong, the company operates in the US, Europe and Asia Pacific.
Questions & Answers
Q.What is the primary reason Ecmoho is seeking to list on the New York Stock Exchange?
What is the primary reason Ecmoho is seeking to list on the New York Stock Exchange?
Ecmoho aims to raise US$100 million through the IPO. This capital is intended to fund the company's expansion efforts, supporting its growth in the online pharmacy sector.
Q.What types of products does Ecmoho sell and where does it source them from?
What types of products does Ecmoho sell and where does it source them from?
Ecmoho distributes supplements and pharmaceuticals online. The company sells products from both domestic Chinese manufacturers and various global brands, offering a wide range of health sector items.
Q.When did Ecmoho transition into e-commerce and then focus on the health sector?
When did Ecmoho transition into e-commerce and then focus on the health sector?
Ecmoho transitioned into e-commerce in 2006, having started as an online marketing service in 2002. The company then sharpened its focus on the health sector specifically in 2011.
Q.In which geographical regions does Ecmoho currently operate?
In which geographical regions does Ecmoho currently operate?
Besides Mainland China and Hong Kong, Ecmoho operates in the United States, Europe, and the broader Asia Pacific region. This indicates a significant international presence for the online pharmacy.
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