GGV Capital Aims to Raise $2 Billion for Funds Targeting China, U.S. and Southeast Asia
Despite the U.S.-China trade war, some U.S. institutional investors are considering money into the U.S.- and China-based fund.
Why it is one to watch: One of the few high profile, consumer-brand tech companies going public in this period, it will test investors' confidence in the home-sharing business model, which has been under regulatory and competitive attack. The fact that it is occurring during a pandemic which has devastated travel also poses a challenge.
Expected timing: December.
Type: IPO
S-1: Filed 11/16. Amended filing 12/1 here.