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Consumer and Retail

Acorn plans 200 million Nasdaq listing
By AMY CHEUNG
Published: August 17, 2006 12:00 AM
Acorn International, China's largest home shopping company, plans an initial public offering on Nasdaq that will raise 200 million US dollars, Forbes reported, citing the South China Morning Post reported.Acorn sells about 60 brand-name consumer products through satellite television channels. Its major product lines include home electronics, cosmetics, health and fitness and car products, said Forbes, quoted SCMP as saying. Morgan Stanley and Credit Suisse are arranging the share sale, the report said. It is estimated that China's total home shopping market would worth two billion US dollars by 2008.
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