Sometimes we goofed,
we were stupid,
and we have no illusion
that it won’t happen
again… and again.
Sometimes things do
work out for us.
Advanced Cell Diagnostics
Advanced Cell Diagnostics was sold to NASDAQ-listed Bio-Techne Corporation for over USD250M plus milestone payments in Aug 2016.
ANZ Terminals was sold to Helios Invstments at a valuation of over AUD350M in Nov 2014.
Apellis completed its IPO in NASDAQ on Nov 9, 2017, raising US$150M at valuation of US$689M (Symbol APLS).
AvroBio has completed its IPO in Nasdaq for USD114.7M gross proceeds on Jun 25 2018
Beyond was sold to China Diagnostics Medical Corporation at a valuation of USD44M in Aug 2014.
Biovex developed an oncolytic virus as a novel therapy for cancer. The company was acquired by Amgen in 2011 for $1 billion with $500M up front.
China Distance Education focuses on online education, providing services all across China. The company had an IPO in 2008 and is currently listed on NYSE.
Chimerix is developing antiviral therapeutics based on a lipid conjugate platform. The company recently had an IPO and is now listed on NASDAQ. Shares shot up by 24% on the first day of trading.
HD Biosciences was purchased by WuXi AppTec at over RMB1B valuation in May 2017.
Kezar Life Sciences
Kezar completed its IPO in NASDAQ on Jun 20 2018, raising US$75M (Symbol KZR).
Nucana completed its IPO in NASDAQ on 27 Sep, 2017, raising US$100M at valuation of US$463M (symbol NCNA).
Oriengene was sold to Talent Tech Holding Limited in Mar 2016.
Origene was sold to Jiaxing Zhongyuan Unio Equity Investment Fund for USD284M in Aug 2016.
Phoenix New Media
Phoenix New Media operates an integrated multi-media platform that provides web, online video-on-demand, and mobile internet/wireless services. The company had an IPO in 2011 and is currently listed on NYSE.
Rapidscan was sold to GE Medical in Jan 2017.
Serica developed technologies using silk as scaffold for tissue regeneration. The company was acquired by Allergan in 2010.
Stealth completed its IPO in NASDAQ in January 2019.
The Tile Shop
The Tile Shop is a retailer of stone and tile products for home improvement with a nationwide network of retail outlets. The company was listed on NASDAQ through a merger with JWC Acquisition Corp in 2012. The transaction was valued at about $500 million.
UCWeb develops enhanced browsers for mobile phones and operates server end applications to provide search, directory, games, and other technology and application services to its users. UCWeb was fully bought out by Alibaba Group in June 2014 at a price in excess of $1.9 billions.
Xiaomi, listed in HKSE (1810.HK) on 9 Jul 2018, raising over US$3 billion at US$54B valuation.
Xunlei operates a powerful internet platform in China based on cloud computing to provide users with quick and easy access to digital media content in China. The company had an IPO in 2014 and is currently listed on NASDAQ.
YY is an online communication social platform. The company had an IPO in Nov 2012 at a valuation of more than USD600M. It is currently listed on NASDAQ.