Secoo Holding Limited (SECO) IPO Opens Lower

Today's IPO for Secoo Holding Limited (NASDAQ: SECO) opened for trading at $12.10 after pricing 8,500,000 American depositary shares at a price to the public of $13.00.

The Company has granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an aggregate of 1,275,000 additional ADSs to cover over-allotments.

Jefferies LLC and BNP Paribas Securities Corp. are acting as joint bookrunners for the offering.

Secoo Holding Limited is Asia’s largest online integrated upscale products and services platform as measured by GMV in 2016. Secoo provides customers a wide selection of authentic upscale products and lifestyle services on the Company’s integrated online and offline shopping platform which consists of the Secoo.com website, mobile applications and offline experience centers, offering over 300,000 SKUs, covering over 3,000 global and domestic brands. Supported by the Company’s proprietary database of upscale products, authentication procedures and brand cooperation, Secoo is able to ensure the authenticity and quality of every product offered on its platform.

You May Also Be Interested In

• Fisker (FSR) files form 10-K, sees more job cuts, reiterates going concern doubts
• Greenlane Holdings Inc. (GNLN) Receives Nasdaq Non-compliance Notice
• Bio-key International (BKYI) Receives Notice of Non-Compliance from Nasdaq