Molecular Data plans for IPO

Molecular Data(MKD) has filed for its $69 million U.S. Initial public offering. The firm works as an online marketplace for the chemical industry in China. MKD has grown its marketplace significantly.

The company was founded to develop an online marketplace. This will help chemical industry market participants to list, buy, sell, and arrange for transportation and warehousing of industrial chemicals. Parent firm MOLBASE will hold a c....