Private Equity

Liquidity Events

Invesco fund picks up most of Fosun's stake in travel tech startup Ixigo

Economic Times  

China's Fosun International has sold a large part of its stake in IPO bound online travel company ixigo to Invesco's Emerging Market Innovators Fund for $15 million (at a $470 million valuation). Fosun will be left with a 0.5% stake in ixigo post the latest deal. As per the draft prospectus filed with the capital markets regulator in August, Fosun Kinzon Capital Pte Ltd had held 3.69% stake in ixigo.