Chase Coleman's hedge fund Tiger Global has filed an amended 13D with the SEC regarding its stake in eHi Car Services (EHIC). Per the filing, Tiger Global now owns 30.5% of the company with over 16.66 million shares.
This is an increase from the 9.4 million shares that Tiger Global originally disclosed via its new eHi Car Services stake back in late May.
Coleman's stake currently includes 666,666 class A shares held via 333,333 ADS's. The filing notes that they bought 7,266,666 shares from the company at $6 per share.
We've highlighted some of Tiger Global's other recent portfolio activity here.
Per Google Finance, eHi is "a China-based holding company, which provides car rentals and car services to both individual customers and corporate clients. The Company utilizes mobile and Internet platforms to provide online to offline (O2O) mobility solutions. The Company operates its car rentals business primarily through its People's Republic of China (PRC) subsidiaries, Shanghai eHi Car Rental Co., Ltd. (eHi Rental) and eHi Auto Services (Jiangsu) Co., Ltd. (eHi Jiangsu), and their subsidiaries and branches."
Thursday, July 2, 2015
Tiger Global Boosts eHi Car Services Position
Tuesday, June 9, 2015
Tiger Global Files 13G on Etsy
Chase Coleman's hedge fund Tiger Global has filed a 13G with the SEC regarding shares of Etsy (ETSY). Per the filing, Tiger Global now owns 8.9% of the company with 10 million shares.
The company recently completed its initial public offering (IPO). After trading as high as $36 on its opening day, shares have since plunged down to $15.95 over the past two months.
Keep in mind that Tiger had already invested in Etsy at a lower valuation (pre-split value of $5.30) while the company was still a private entity back in April 2014.
We've also recently highlighted some other Tiger Global portfolio activity as well.
Per Google Finance, Etsy "operates a marketplace where people connect, both online and offline, to make, sell and buy goods. The Company operates at the center of macroeconomic trends in online and mobile commerce, employment, consumption and manufacturing. Its sellers offer goods in online retail categories, including jewelry, stationery, clothing, home goods, craft supplies and vintage items."
