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Infinity Fund to hold $100 million stake in Baozun after IPO

Two years ago, the Chinese-Israeli fund invested only a few million dollars in e-commerce company Baozun.

 

Infinity Fund -Amir Gal-Or

Chinese-Israeli fund Infinity Private Equity is on to a very good thing. At the end of last week, Chinese company Baozun filed a revised prospectus for a Nasdaq IPO. The company is seeking a company value of $1.8-2.1 billion for the issue, at a share price of $12-14.

Two years ago, Infinity invested a few million dollars in the Chinese company at a company value of only $100 million, and currently holds 6.6% of its shares. At the price range being sought, Infinity’s shares are worth $89-104 million… [READ MORE]

 

Published by Globes [online], Israel business news – www.globes-online.com

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