Homeshop18, an India-based television shopping and online retail company majority-owned by local media conglomerate Network 18 Media and Investments, plans to raise $75m in its flotation on the Nasdaq stock exchange.

Newswire Reuters said Homeshop18 had previously explored a $100m initial public offering (IPO) in 2012 and were it to be successful this time, Homeshop18 would become the fourth Indian Internet firm to list overseas after Rediff, Sify and MakeMyTrip.

A regulatory filing said law firms Sidley Austin and Latham…

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