New Enterprise Associates plan IPOs for China's Redbaby, Uni-Power

Redbaby, a business-to-consumer seller of children’s products, is slated to list on an American bourse, according to report citing NEA’s Managing Director Jiang Xiaodong. He did not specify where Uni-Power, a SME-focused financial services provider, is intended to launch. AVCJ could not reach a representative at NEA to confirm the anticipated values for the companies’ IPOs.

Of the IPOs, Rebaby is set to attract attention due to its status as the largest B2C player in its niche. NEA has been investing in Redbaby since 2006, when it, with Northern Light Venture Capital, injected $10 million into the company to aid with Redbaby’s M&A expansion strategy, which included the acquisition of Ahua.com, a site targeting expecting mothers. NEA and Northern Light, with KPCB China, led a $25 million Series C round of funding into the company one year later.

NEA claims to have invested $11 billion worldwide in IT, energy and heathcare targets, and maintains its focus in Asia Pacific on China and India.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• Venture
• Greater China
• Technology
• Financing
• New Enterprise Associates