Chinese Groupon sets price range for US IPO

LaShou Group, a Chinese operator of a Groupon-like group-buying website, is seeking to raise as much as $80 million from a US initial public offering.

The company, which filed for an IPO of up to $100 million with the US SEC in late October, launched a roadshow yesterday, less than a week after Chicago-based Groupon made its successful debut on Nasdaq.

After months of investor jitters about the fate of its public listing, Groupon’s stock hit a high of $31, 55% above its $20 offer price, on its first day of...