So Managing Automation reports that CDC Software, the long-rumored spinoff from the former China Dot Com, is ready to test the public markets.
They're apparently targeting a fairly indiscriminate breed of investor, however; get this:
"CDC Corp., through CDC Software International, would wield 98.1% of the voting interests and an 83.4% equity interest in the company after the offering."
Dang! Those are what we call in the business, management-friendly terms.
I'd be willing to carve off an overvalued chunk of xTuple for something in that neighborhood; please contact me with your sealed bids.
One would assume the IPO has to come soon...the debt is getting big
ReplyDeleteGlobal Credit Research Rating Action 31 AUG 2009 Rating Action: Infor Global Solutions Holdings Ltd. Moody's Revises Infor's Ratings Outlook to Negative Approximately $4.6 billion in debt affected New York, August 31, 2009 -- Moody's...
http://www.alacrastore.com/storecontent/moodys/PR_185896_809524274
Has anyone heard any comments about an Infor IPO lately? I know that Schaper still wants to go: www.infor.com/shared_resources/14397/12565/23954/2398795
ReplyDeleteAlso heard rumors of not so great quarter for them in U.S. but that overall company did ok. With window for IPO's opening up, you would think they would jump through it, unless they cant?!?