First public offering proceeds for Chinese Internet companies listing in the America in the past five years total billion, with millions raised from three questions this year just. (Reporting by Christina Lo; Editing by Chris Lewis)
Chinese e-commerce websites and retailers including Lashou.com and Jingdong Mall (China's equivalent to Amazon) are seeking to join the ranks of Qihoo 360 Technology Co Ltd and Tudou Holdings Ltd in raising equity in the United States.
E-COMMERCE MAKES A PLAY FOR U.S. IPOS
PE-backed IPOs for Southeast Asian companies have been historically low, totaling only $2.6 billion in the past decade, suggesting the use of alternative strategies as funds seek to exit from their investments.
U.S. private equity firm TPG Capital has taken a share-swap stake in buyout fund PT Northstar Pacific to increase its access to Southeast Asia at a time when aggregate private equity fundraising there has reached $26.7 billion (for known disclosures) in the past three years. The largest PE investment in Southeast Asia this year was CVC Capital partners Ltd's buyout of Indonesia's Link Net PT for $189 million.
TPG LOOKS TO BOOST SOUTHEAST ASIA PE
Overall cross-border acquisitions by Chinese companies total $32 billion in the year to date, down close to 4 percent, with the metals and mining sector replacing oil and gas as the leading target sector.
China Niobium acquired a 15 percent stake in Brazilian Miner CBMM (Companhia Brasileira de Metalurgia e Mineracao) in a deal valued at $1.95 billion this week, propelling Chinese outbound deals for the metals and mining sector this year to a total of $9.6 billion -- an increase of 4.1 percent from the comparable period in 2010. The deal puts Brazil as the third most targeted nation for resource-related M&A activity from China.
|