Handle net start PO roadshow program listed in November 14th

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Beijing on November 10th news, according to foreign media reports, the United States Groupon group purchase website successfully landed on the NASDAQ (Nasdaq) market, China group purchase site to the U.S. Securities and Exchange Commission (SEC) submitted an initial public offering (IPO) Shen Qingwen, and carry out the IPO roadshow on Tuesday. If it goes well, the stock will be held next Monday (November 14th) in the Nasdaq stock market, the stock code is LASO".

handle network earlier this week submitted to the revised version of the F-1 file shows that the company plans to issue 5356990 shares of American Depositary Shares (ADS), and the issue price range of $SEC was determined as 13~15. Calculated at the highest price of $15 per share, then handle the net IPO up to $80 million 350 thousand financing.

industry pointed out that if the handle network and Groupon comparison, there are two major differences between the two sites:

1, handle net profit margin of less than 10%, and mainly for the Chinese market to carry out business. Although the Groupon international market profit margins have declined, but remained at around 40%.

2, handle network product sales revenue over service. During the third quarter of 2011, the total number of handle net product sales for the 13 million 100 thousand time, the total number of service sales for the 6 million 500 thousand time. Handle network has the characteristics of discount retailers, the company operates 6 cargo warehouses and logistics distribution stations in the 31. Recently, it is reported that the handle network is considering its business model from daily buy to B2C (business to consumer) e-commerce transformation.

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