Chinese travel internet site Qunar is all established to delist from the NASDAQ just after it finished its sale to personal equity firm Ocean Management. The offer was 1st declared final Oct and right now it went by having gained shareholder acceptance earlier this week. The transaction values Qunar, which is backed by Baidu, at all around $four.44 billion. The business elevated $167 million from its IPO in November 2013, but now it is a single of number of Chinese enterprises to shun U.S. community markets. iQiyi, a further company backed by Baidu, made a decision from a rumored U.S. IPO when it lately took financing, when Alibaba’s Ant Fiscal seems to be established to pick China or Hong Kong for its lengthy-awaited listing. Protection business Qihoo delisted from the NYSE in 2015. The privatization is also the most up-to-date in a sequence of chaotic developments from the tech firms that dominate China’s on the net travel space.
Qunar finished its stand-off with rival Ctrip in Oct 2015 when the duo agreed to a share swap offer, months earlier it had rejected a proposed acquisition from Ctrip in favor of a $five hundred million funds raise led by investor business Silver Lake. Truce in location, Ctrip has expanded its attain by a sequence of promotions that bundled investments in China Eastern Airlines and India’s MakeMyTrip, and the acquisition of travel lookup business SkyScanner for $one.seventy four billion to lengthen into Europe and other components of Asia.
Highlighted Impression: bfishadow/Flickr Under A CC BY two. LICENSE
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Chinese travel internet site Qunar is all established to delist from the NASDAQ just after it finished its sale to personal equity firm Ocean Management. The offer was 1st declared final Oct and right now it went by having gained shareholder acceptance earlier this week. The transaction values Qunar, which is backed by Baidu, at all around $four.44 billion. The business elevated $167 million from its IPO in November 2013, but now it is a single of number of Chinese enterprises to shun U.S. community markets. iQiyi, a further company backed by Baidu, made a decision from a rumored U.S. IPO when it lately took financing, when Alibaba’s Ant Fiscal seems to be established to pick China or Hong Kong for its lengthy-awaited listing. Protection business Qihoo delisted from the NYSE in 2015. The privatization is also the most up-to-date in a sequence of chaotic developments from the tech firms that dominate China’s on the net travel space.
Qunar finished its stand-off with rival Ctrip in Oct 2015 when the duo agreed to a share swap offer, months earlier it had rejected a proposed acquisition from Ctrip in favor of a $five hundred million funds raise led by investor business Silver Lake. Truce in location, Ctrip has expanded its attain by a sequence of promotions that bundled investments in China Eastern Airlines and India’s MakeMyTrip, and the acquisition of travel lookup business SkyScanner for $one.seventy four billion to lengthen into Europe and other components of Asia.
Highlighted Impression: bfishadow/Flickr Under A CC BY two. LICENSE
Chinese travel internet site Qunar is all established to delist from the NASDAQ just after it finished its sale to personal equity firm Ocean Management.
The offer was 1st declared final Oct and right now it went by having gained shareholder acceptance earlier this week. The transaction values Qunar, which is backed by Baidu, at all around $four.44 billion. The business elevated $167 million from its IPO in November 2013, but now it is a single of number of Chinese enterprises to shun U.S. community markets. iQiyi, a further company backed by Baidu, made a decision from a rumored U.S. IPO when it lately took financing, when Alibaba’s Ant Fiscal seems to be established to pick China or Hong Kong for its lengthy-awaited listing. Protection business Qihoo delisted from the NYSE in 2015.
The privatization is also the most up-to-date in a sequence of chaotic developments from the tech firms that dominate China’s on the net travel space.
Qunar finished its stand-off with rival Ctrip in Oct 2015 when the duo agreed to a share swap offer, months earlier it had rejected a proposed acquisition from Ctrip in favor of a $five hundred million funds raise led by investor business Silver Lake. Truce in location, Ctrip has expanded its attain by a sequence of promotions that bundled investments in China Eastern Airlines and India’s MakeMyTrip, and the acquisition of travel lookup business SkyScanner for $one.seventy four billion to lengthen into Europe and other components of Asia.
Highlighted Impression: bfishadow/Flickr Under A CC BY two. LICENSE