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Investing prior to IPO can be a windfall investment - if you understand the business and know the key people. Build relationships, understand market forces, assess regulatory risks and win the deal for 200% return. Learn Business Mandarin now !
source: "Financial Post" 26 Jan 2015
The huge windfall collected by the Canada Pension Plan Investment Board when Chinese e-commerce powerhouse Alibaba Group Holding Ltd. went public last year was anything but a “quick win,” according to Mark Wiseman, the board’s chief executive.
The US$314.5-million investment, while very profitable, happened because of a decision more than five years earlier to put “feet on the ground in Asia” by opening an office in Hong Kong in 2008, he said.
“Our team in Hong Kong was able to educate our investment committee and others back here in Toronto, so that when the [initial] investment opportunity finally came to fruition in 2011, we were in a position to understand the business,” Mr. Wiseman said in an interview.
“They understood the Chinese market and the Chinese consumer. They had real experience in the region and understood both the similarities and, importantly, the differences between the way that retailing and trade are done in China [and how it’s done in North America].”
ˉ ˊ ˋ ˇ ˇ ˉ ˉ ˊ ˉ ˉ ˉ
Jiānádà yǎnglǎo jījīn tóuzī gōngsī
CPPIB Canada Pension Plan Investment Board
Finance Mandarin for CPPIB (Alumni)
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