5173.com, an internet trading service firm, has filed for an initial public offering on the Hong Kong Exchange and will have a hearing as soon as this month, reports China Business News, citing a company filing.
The company plans to raise as much as $150 million and $200 million dollars in the fourth quarter, and the underwriter for the IPO is BNP Paribas.
5173.com provides internet platforms that allow gamers to trade items within computer games. The company charges fees from a series of services including verification and settlement of transactions for players. It has more than 40 million registered users with an average of 800,000 daily transactions. Its generated transaction value is more than seven billion yuan, trailing only Taobao and 360buy.com.