Five companies backed by internet company Tencent raised large amounts in their initial public offerings (IPOs) over the past few months. It appears to be a bout of IPO exits that may not ended yet.
China-based internet company Tencent has recently been involved in five large initial public offerings (IPO) for Asia-based companies that have floated in either Hong Kong and New York.
Tencent’s ownership positions in the five is estimated by Global Corporate Venturing Analytics to be about $14bn. For context, Intel Capital, arguably the largest and most successful corporate venturing unit of the past 25 years, had six portfolio companies complete IPOs in the first…
