Recently Public Zhaopin Ltd (ADR) (ZPIN) – New Position in Tiger Global Management’s Equity Portfolio

In a new filing with the Securities and Exchange Commission, Chase Coleman‘s Tiger Global Management has revealed a new stake in the recently public company Zhaopin Ltd (ADR) (NYSE:ZPIN). According to the filing, Tiger Global owns around 2.50 million shares of the company, the passive stake accounting for 18.6% of Zhaopin’s class A stock.

TIGER GLOBAL MANAGEMENT LLC

The company went public last week, and since then its stock gained almost 11%, while on Tuesday it is already up by around 10.5%. Zhaopin Ltd (ADR) (NYSE:ZPIN) is a holding company which operates a career platform in China, owning the zhaopin.com career-oriented website. The company is also engaged in providing a number of human resources related services, such as online and campus recruitment.

Zhaopin Ltd (ADR) (NYSE:ZPIN) has commenced its initial public offering on June 12 issuing a total of 5.61 American Depositary Shares (ADS), each representing two class A shares of the company. The securities have been sold at $13.50 per ADS, the total value of the offering amounting to $75.7 million, excluding over-allotment options. In addition the company plans to sell 841,500 additional ADSs as over-allotment options and 2.22 million class A ordinary shares at the IPO price to PCV Belge SCS through a private placement, according to a statement. The main shareholders of the company before the IPO were SEEK International Investments Pty Ltd, which held 68.26 million shares, equal to a 79% stake, and Cavalane Holdings Pty Limited with around 16.67 million shares, or 19.3% of the stock.

According to Tiger Global Management’s latest 13F filing, the fund has been bullish on several Chinese companies during the first quarter of the year. In Vipshop Holdings Ltd – ADR (NYSE:VIPS), the fund has surged its stake by 53% to 2.24 million shares, the $334.25 million stake amassing 4.5% of the total equity portfolio. In 58.com Inc (ADR) (NYSE:WUBA), Tiger Global has increased its exposure by more than 300% to 1.26 million shares.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!