Jack Ma’s Yunfeng, Hillhouse Are Said to Plan Investing in Victory Giant’s $2 Billion Listing
Jack Ma and Hillhouse plan investment in Victory Giant's IPO.
Jack Ma’s Yunfeng Capital and Hillhouse Investment are reportedly planning to invest in the Hong Kong listing of Victory Giant Technology Huizhou Co., which is targeting a substantial $2 billion in its initial public offering. As cornerstone investors, they will receive guaranteed allocations in exchange for a commitment to hold the shares for a specified period, although the specifics of the deal are still under negotiation.
Key Takeaways
- 1.
Yunfeng Capital and Hillhouse Investment are set to invest as cornerstone investors.
- 2.
Victory Giant Technology aims for a $2 billion listing in Hong Kong.
Get your personalized feed
Trace groups the biggest stories, videos, and discussions into one feed so you can stay current without scanning ten tabs.
Try Trace free