Pursuits
In China Buyout Boom, One Man Stakes Claim as King of Rainmakers
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In this month’s $19 billion buyout frenzy of Chinese companies listed abroad, one man may hold the key to figuring what’s next.
Neil Shen, the billionaire co-founder of Sequoia Capital China, is leading the charge among venture capitalists and private equity firms to scoop up companies listed in the U.S. and ultimately take them public in the mainland, where a surging stock market means shares are being afforded higher multiples. Shen and Sequoia have targeted at least five companies for takeovers this month.