There are reports emerging this afternoon that Chinese e-commerce site Vancl will file its US IPO prospectus in October with a view towards hitting the tickers in the fourth quarter. Vancl has two B2C sites: its Vancl.com own-brand fashion label, and Vjia.com (also known as V+) which is its open platform that sells numerous well-known clothing brands.
This is not official. Sources in the industry, as reported by Sina Tech News, say that Vancl is hoping to raise up to US$1 billion from a US offering. China International Capital, Citigroup, Credit Suisse, Goldman Sachs, and Morgan Stanley are apparently lined up to underwrite Vancl’s bid.