Rumor: 360Buy Issues Employee Shares
Sina Tech, 6/13/10
An industry source has revealed that Chinese B2C e-commerce site 360Buy has already issued shares of stock to core employees who have spent a year or more at the company. The source did not divulge the quantity or the per-share price of the stock, but did say that when 360Buy lists next year, it will not be on a domestic board, but rather on an overseas exchange, possibly the Nasdaq.
Editor's Note : 360Buy chairman Liu Qiangdong said in April that the company plans to list on either the Nasdaq or Hong Kong exchange in 2011; see "360Buy to IPO in 2011," MD 4/26/10 issue.
Keywords: overseas listing Liu Qiangdong e-commerce Internet IPO Nasdaq B2C 360buy
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