Hong Kong media reports that China's largest e-commerce website Dangdang.com may get listed in the US as early as in the third quarter of 2006 and its market value will reach and estimated US$500 million.
According to Li Guoqing, a joint CEO of Dangdang.com, the company is negotiating with five potential strategic investors, intending to sell 20% of its stake for US$40 million based on its current market value of US$200 million.
Li says that once consensus has been reached with the investors, Dangdang will start its IPO this year, ahead of the earlier scheduled 2007.
In 2005, Dangdang.com achieved CNY440 million in business revenue. With its entry into the C2C market, it is predicted that the company's revenue for this year will reach CNY3 billion.