Published On:
Sun, May 17th, 2015
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.
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
Read more about: Amir Gal Or, Bank of America Merrill Lynch, Baozun, China, Corporate finance, Credit Suissse, E-Commerce, Financial economics, Greenshoe, INFINITY ASSET MANAGEMENT ADMINISTRACAO DE RECURSOS LTDA, Investment, Israel, Morgan Stanley, NASDAQ, Silver Lake partners