Mercadolibre Files for IPO

Mercadolibre Inc., a Buenos Aires, Argentina-based online trading platform for Latin America, has filed for a $100 million IPO. It plans to trade on the Nasdaq under ticker symbol MELI, with Merrill Lynch and JPMorgan serving as co-lead underwriters. The company raised $54.3 million over two rounds of VC funding in 1999 and 2000, from firms like JPMorgan Partners, Flatiron Partners, Hicks Muse Tate & Furst, Goldman Sachs, Capital Riesgo Internet and GE Capital. Mercadolibre also lists eBay as a significant shareholder, deriving from a strategic partnership signed in 2001.