June 19 China's LaShou Group Inc filed with U.S.
regulators on Tuesday to withdraw its up to $100 mln initial
public offering of American depositary shares.
LaShou's withdrawal comes amid a muted U.S. IPO market,
which has seen few listing applications following the botched
Facebook Inc offering in May.
The Beijing-based company, which runs China's leading daily
deals website Lashou.com, had in November delayed its initial
public offering due to "corporate developments".
There has been a drought in Chinese companies applying for
U.S. listings in recent years as accounting scandals and slow
growth shake investor confidence.
Online discount site Vipshop Holdings, which became
the first Chinese company to go public in the United States
since August 2011, has yet to touch its IPO price since going
public in March this year.
LaShou, which was planning to sell about 5.4 million ADSs in
its IPO priced at $13-$15 each, had initially filed for a Nasdaq
listing in October last year.