Tiger Global Management Reveals New Passive Stake in Recently Public Tuniu Corp (TOUR)

In a new filing with the U.S. Securities and Exchange Commission, Tiger Global Management LLC, led by Chase Coleman and Feroz Dewan, has revealed a new passive stake in Tuniu Corp (NASDAQ:TOUR). The fund owns a 10.1% stake, which contains 3.60 million Class A ordinary shares, according to the filing.

TIGER GLOBAL MANAGEMENT LLC

Tuniu Corp (NASDAQ:TOUR) is an online leisure travel company in China. It offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and mobile platform. The company’s market cap is around $512.9 million.

Tuniu Corp (NASDAQ:TOUR) recently conducted its Initial Public Offering, selling a total of 8.0 million American Depositary Shares (ADSs), each representing three Class A ordinary shares of the company, at $9.00 per ADS for a total offering size of about $72.0 million, assuming the underwriters do not exercise their option to purchase additional ADSs. The offering includes 7.38 million shares offered by the company and 620,000 by the selling shareholders. The company granted the underwriters an option, exercisable within 30 days from the date of the final prospectus, to purchase up to an additional 1.20 million ADSs at the initial public offering price to cover any over-allotments, according to a statement. Following the IPO, the stock of the company advanced by almost 20%.

Tiger Global was founded by Chase Coleman in 2001 with $25 million seed money from legendary investor Julian Robertson. Chase Coleman runs Tiger Global’s equity funds together with Feroz Dewan who graduated from Princeton University. The fund has around $6-8 Billion under management. It returned 71% after fees in 2007.

Recently, Tiger Global Management revealed adding Zillow Inc (NASDAQ:Z) to its equity portfolio, holding a 9.5% passive stake, which contains around 3.14 million shares. In the beginning of last month, the fund disclosed raising its passive stake in 58.com Inc (ADR) (NYSE:WUBA) to 2.52 million class A ordinary shares from 300,000 held previously.

Disclosure: none

Recommended Reading:

Tiger Global Ups Its Stake in dELiA*s, Inc. (DLIA)

Tiger Global Management Cuts Its Exposure To TAL Education Group (XRS)

Tiger Global Management’s Top Q4 Picks and Pans: Priceline (PCLN) and Twenty-First Century Fox (FOXA) Among the Favorites

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

The Best B-Boy Movies

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!