we invested into this company many years ago and now we are waiting to partly sell a bit of our stake at a good valuation thru the ipo of this slightly loss making company.Guess my name
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times, IPOs just establish a valuation benchmark for PEs. They might part exit with a view to securing a part or whole of their capital, and continue to be part of the future journey of the company," says Sanjeev Krishan, partner and leader, private equity & transaction services at PricewaterhouseCoopers India.
Sequoia Capital invested Rs 36 crore in Quick Heal in 2010 and separately bought shares worth Rs 24 crore from promoters of the firm. It currently holds a 10.25 per cent stake in the company with an investment of Rs 60 crore. It is now selling less than half of its holding in the offering for about Rs 87.8 crore, indicating a return of three time in over five years.
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