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Qunar Restructures, Implying Imminent IPO?
In January this year, Chinese OTA (online travel agency) Qunar told us that it planned to go public once market stabilized. While according to the latest updates from insiders, the Beijing-based company is packing for an IPO in the States no later than the first half of 2013.
Qunar created a new option pool to motivate employees. On the other hand, It is said that Qunar just restructured into two departments with the introduction of a stricter staff performance system.
Chinese concept stocks have seen some indication of recovery with a rise of 15% in general since the beginning of the year. According to data from China Venture, the IPO of four VC/PE-backed companies in November brought a return of RMB 6.06 billion to 10 investors.