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Chinese eCommerce company Onion Global with IPO next week

The cross-border eCommerce platform Onion Global has updated its prospectus submitted to the SEC (Securities and Exchange Commission) and is expected to be listed on the NYSE next week.

The company was found in Guangzhou and operates an eCommerce shop for fashion-oriented brands in Asia. It has more than 4,000 brands and more than 516,000 active influencers on its platform. Onion has received at least USD 128 million from investors, including Li Bai Global, Pingsan Bai, YGC Holdings, and ECSH Xianlv Limited. Onion Global plans to issue USD 12.5 million with a maximum total amount of USD 116 million. Their stock symbol is "OG".


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