Tencent-backed Chinese language on-line grocer MissFresh Ltd. has filed for an preliminary public providing. The corporate seeks to promote $100 million value of shares, though that determine is commonly a placeholder used to calculate submitting charges. MissFresh owns and operates a community of grocery shops and prospects can order via its app. “We try to make grocery purchasing extra pleasant, extra environment friendly, extra inexpensive and extra reliable,” MissFresh stated in its prospectus. “We enchantment to a brand new era of customers who’re prepared to pay for the high-quality and handy expertise in grocery purchasing.” MissFresh stated it had grown its variety of customers from 5.1 million folks in 2018 to 7.9 million to the 12 months ended March 31. The corporate plans to record its American depositary shares on the Nasdaq below the image MF. It listed gross sales of $236 million within the three months led to March, and a internet lack of $93 million, or $1.12 a share, in the identical interval. Web losses for 2020 reached $3.35 a share. Underwriters embrace J.P. Morgan and Citi.