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 with artificial intelligence and augmented reality technologies, to drive growth and bolster its sales team, and to make strategic investments.
58.com led a $37.2m series C round in 2015 that included Matrix Partners and Sequoia Capital China.
Matrix and Sequoia previously backed a $16m series B round in 2014, after Matrix had supplied a two-tranche $2m series A round between 2011 and 2013.
Tubatu has not revealed how much stock each of its investors holds, though 58.com is listed as a substantial stockholder indicating it likely owns more than 5% in the business.
Citi is acting as the sole underwriter for the proposed offering.