For those not aware, china put a hold on all new IPO's five months ago. They decided to tighten reporting regulations to come closer to international standards thus removing some of the wild west risk associated with investing there.
While we slept last night China informed 30 of the 110 IPO's on hold to fill out this final form for inspection and prepare to go public. Among those, seven are applying for IPOs on the main board on the Shanghai Stock Exchange; 13 are for the small and medium-sized enterprises in Shenzhen; and 10 are for the Chinese Nasdaq-style board, ChiNext.
Does it effect us? Do not know. But just found the trading volume at opening interesting and was looking for possibilities.
The goal for the funding for PVA is to eventually to take this china business public. This could be what has held up, on this going forward. It would be nice if the PVA model was part of the 110 applying. I would like to see a hybred of maybe half of this venture in funding and the other half in a Chines nasdaq style board. The 5m shares that BMGP holds would get an immediate stepped up in valuation.
Even if we are not part of the 110, the PVA goal was to go public and this may pave the way for this to realistically happen. No venture capital company invests without knowing the big picture.