58.com could exit when Tubatu, a marketplace for home renovation contractors, lists on the Hong Kong Stock Exchange.
Tubatu, a China-based platform connecting consumers with interior designers backed by classified listings platform 58.com, filed for an initial public offering on Tuesday.
Financial terms were not officially disclosed, but the offering is expected to be worth $200m, according to local media reports.
Founded in 2008, Tubatu operates a business-to-consumer e-commerce platform that connects homeowners with home renovation contractors and interior designers.
Tubatu will use the proceeds to further develop its platform, including the enhancement of its 3D design tool…
