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

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 10 Countries with the Highest Suicide Rates

The 10 Most Technologically Advanced Countries in the World

The 10 Safest Countries in the World to Live in Peace

The 10 Top Selling Smartphones in the World 2014

The 12 Biggest Shopping Centers in the World

The 10 Friendliest Countries in the World

Qihoo 360 Technology Co Ltd (QIHU), Actavis plc (ACT), Yahoo! Inc. (YHOO) Among 20 Long Ideas from Sohn Canada

The 10 Laziest Countries in the World

The 10 Most Polluted Countries in the World

The 10 Most Dangerous Cities in America 2014

The Top 10 Gold Producing Countries in the World

The 10 Tallest Buildings in the World

The 10 Richest Stand Up Comedians in the World

The 10 Fattest Countries in the World

The 5 Best Summer Jobs for Teens

The 10 Most Religious Countries in the World Keeping the Faith

The 10 Most Educated Countries in the World

The 10 Most Popular Cell Phones in the World

The 10 Drunkest Countries in the World

The 10 Most Expensive Private Schools in the World

The 10 Smallest Countries in the World

Walking Dead Season 5 Spoilers You’ll Wish You Didn’t Know

The 10 Poorest Countries in the World

The 10 Greenest Countries in the World

The Top 10 Countries with the Highest Population in the World

The 10 Most Visited Countries in the World

The Top 10 Star Wars Characters in the Iconic Series

The 10 Most Expensive Android Phones in the World

5 Reasons Why The Illuminati Is Real and a Threat to Society

The 6 Scariest Halloween Costumes Ever Screamed At

The 4 Biggest Hedge Fund Managers in the World Today

The 15 Most Densely Populated Countries in the World

The 10 Biggest Tea Drinking Countries in the World

Top 6 Ways to Improve Your Checkout Process and Close Sales

The 5 Most Profitable Online Businesses You Can Start Today

The 20 Most Profitable Hospitals in the US

The 5 Most Profitable Home Businesses to Start

The 7 Teams that Will Win the Stanley Cup in 2015

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

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!