360 is a well-known Chinese internet security company. It went public in the US stock market in 2007 and privatized in 2014. This article will analyze 360’s major shareholders and their shareholdings when it was listed in the US. The analysis can provide insights into 360’s ownership structure and help us better understand this Chinese internet company.
IDG and CDH are two of the biggest shareholders of 360
According to the materials provided, IDG and CDH Capital are two of the biggest shareholders of 360 when it went public in the US. IDG holds 11.75% of 360’s shares and invested in 360 at its Series B financing round, marking IDG’s first investment in a Chinese company. CDH holds about 3% of 360’s shares. As leading investment institutions focused on China’s tech industry, IDG and CDH’s endorsement demonstrates 360’s growth potential in 2007.
Tiger Global and Keywise Capital also own significant stakes
In addition to IDG and CDH, some other investment funds also hold notable stakes in 360 during its US IPO, including Tiger Global Management and Keywise Capital. Tiger Global owns 2.06% of 360 shares. Known for its investments in major Chinese internet companies like Baidu, Tiger is an influential investor in China’s tech scene. Keywise Capital, a Hong Kong-based fund, holds 1.91% of 360 shares.
Other early investors in 360
There are some other investment institutions holding small stakes (under 2%) in 360 when it went public, such as SRS Investment Management, Credit Suisse, Norway Central Bank, and Sloan Robinson. These global investors saw the potential of 360 in China’s internet security industry and backed the company at its early stages.
360’s ownership structure indicates its growth strategies
The diverse shareholder base of 360 shows that it adopted a global growth strategy from the beginning by taking investments from renowned international and Chinese funds. The shareholders likely provided strategic value to facilitate 360’s overseas expansion while also helping it navigate China’s regulatory environment. The shareholders composition lays the foundation for 360’s future development.
In summary, 360’s major shareholders during its US IPO consist of globally renowned investment funds like IDG, CDH, Tiger Global, and Keywise Capital, who collectively own about 20% of the company. The shareholding breakdown offers insights into 360’s global ambitions and its strategies to capture China’s internet security market.