Chinese secondhand car dealer xin.com plans an IPO in the U.S. to raise $800 million, media reported on Tuesday.
The Chinese company will appoint Goldman Sachs, JPMorgan Chase & Co and Morgan Stanley as issuers, domestic tech news site awtmt.com reported.
The company declined to further comment on the issue.
In 2013, its parent company finalized A-round financing of $30 million, co-invested by Chinese Internet giant Tencent Holdings and venture capital firms such as Legend Capital and Hillhouse Capital.
The company has so far raised more than $1 billion.
The company has no timeline for the IPO, a PR representative from xin.com was quoted as saying in a separate media report.
