More Web firms turn to private share funding

May 3, 2011 - PRLog -- HONG KONG - Far more Web companies in China are turning to private share placements for funding that they could earlier raise only from original public offerings in abroad stock markets, Bao Fan, chief executive officer of China Renaissance Partners, said.

"We normally think that the personal market is previously an choice to the IPO market place," Bao explained in an interview in Beijing on Thursday, exactly where China Renaissance is centered. "These days, you will find there's whole lot of liquidity in the private industry."

Bao, a former banker at Morgan Stanley and Credit Suisse Group AG, served handle the $1.5 billion private placement this yr by Chinese online retailer 360Buy.com, the biggest such transaction in the world's largest Internet industry by consumers.

Within the US, Facebook Inc raised $1.five billion from a non-public financing spherical in January since the well-known social-networking internet site expands its operations.

"Companies which have excellent possible ought to not rush for the IPO market - they can raise exactly the same amount of capital inside the personal marketplace at or close to the IPO valuations," Bao mentioned.

"The 360Buy deal is an effective example of that. It shows the depth and the effectiveness from the private market place."

China Renaissance was involved in nine merger-and-acquisition transactions very last 12 months, the second-most amid Chinese investment banking institutions, according to investigation business ChinaVenture Group.

360Buy.com said on April one that it raised $1.five billion from 6 money including Russia's Digital Sky Technologies and Tiger Fund, as well as some personal traders.

Last 12 months, China Renaissance won function in transactions like the set-up in the on the web video venture between Baidu Inc and Providence Equity Partners, and the US IPO of E-Commerce China Dangdang Inc.

# # #

We specialize in laptop batteries. Give your laptop new life with a higher capacity battery. Each model was engineered for maximum run time so you won't miss those important shots.
http://www.batterylaptops.co.uk