The initial public offering for Chinese online tour booking website Tuniu may not carry the heft of the impending Alibaba IPO juggernaut (rumored at $130 billion and counting), but it is a sign of investors’ continuing demand for public offerings from Chinese tech companies.
The Beijing-based tour site has selected Credit Suisse and Morgan Stanley to run the offering process for its expected $100 million IPO, according to several sources with knowledge of the company’s plans.
In the clearest public sign of the company’s intentions, one of its investors, Gobi Partners, announced that Conor Yang, the architect behind the public offering of both AirMedia Group and Dangdang.com, had been hired as Tuniu’s chief financial officer earlier this year.
Tuniu has raised over $60 million in venture funding from investors including DCM, Gobi Partners, Sequoia Capital, Highland Capital Partners, and the Tokyo-based Internet services company, Rakuten Inc.
View original post 340 more words