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Stock Market & Financial Investment News

News Breaks
May 16, 2014
09:37 EDTJMEIJumei International indicated to open $25.00-$27.00
Jumei International (JMEI) priced 11.1M shares at $22.00. Goldman, Credit Suisse and JPMorgan acted as joint book running managers for the offering.
News For JMEI From The Last 14 Days
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July 22, 2015
06:24 EDTJMEIJumei announces strategic investment in BabyTree
Jumei announced that it has agreed to provide BabyTree with a convertible loan and a revolving credit facility of up to $250M. The principal of the convertible loan portion of the transaction could reach as high as $120M depending on the working capital needs of BabyTree and certain operating performance criteria being met. The loan will be convertible into a minority interest in BabyTree based on a pre-agreed formula. The revolving credit facility will be $130M, and drawdown by BabyTree will also depend on the working capital needs of BabyTree and certain operating performance criteria being met.

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