PE-backed Chinese SaaS player pursues US IPO
CDP, a Chinese human resources software-as-a-service (SaaS) platform that counts NASDAQ-listed 51job and China Broadband Capital (CBC) as its largest external investors, has filed for an IPO in the US.
In addition to 51job and CBC, which own 20% and 14%, respectively, Investor AB has 12%, Morgan Stanley Private Equity Asia, holds 10%, CSV Capital Partners has 9.4%, and Eight Roads has 6.5%, according...
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