CPPIB hitched to Alibaba IPO bandwagon with $160-million investment
Canada Pension Plan Investment Board said it has invested US$160 million in Alibaba Group Holding Ltd., the Chinese e-commerce company that plans to go public Friday.
The country’s largest pension fund manager made two direct investments in the Chinese company in 2011 and 2012 for a total of US$136 million, Linda Sims, a Canada Pension spokeswoman, said in an e-mail. The pension plan has another US$24 million indirect investment through a private-equity fund managed by Silver Lake Management LLC, she said.
Sims declined to comment Thursday on what the stake is now worth or what the Toronto-based fund plans to do with its holding. Alibaba plans to raise about US$22 billion in the stock sale, valuing the company at as much as US$168 billion. |
发表于 2014-9-19 16:34
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发表于 2014-9-19 16:54
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