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Aggregated China Business Blogs
Warburg Pincus, SAIF-Backed 58.com Files For $150M IPO
Aggregated Source: China Money Network
Beijing-based Chinese online classified ads website 58.com has filed for a $150 million IPO on the New York Stock Exchange. Warburg Pincus currently holds 25.8% of 58.com. SAIF Partners and DCM hold 20.5% and 16.6% respectively. Founded in 2005, 58.com reported $285,000 in net income on $55 million revenue for the first half of 2013, […]

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