Case | HBS Case Collection | February 2005 (Revised November 2005)

SAIF: May 2004

by G. Felda Hardymon and Ann Leamon

Abstract

The Softbank Asia Infrastructure Fund (SAIF) team has just learned that the price at which its portfolio company, the Chinese gaming firm Shanda, was planning to go public must be reduced. As a result, the partners think through the entire genesis of the deal and the differences between doing venture capital in China and in the United States. Illustrates the intricacies of strategic venture investing.

Keywords: Venture Capital; Investment; Cross-Cultural and Cross-Border Issues; Initial Public Offering; Price; China; United States;

Citation:

Hardymon, G. Felda, and Ann Leamon. "SAIF: May 2004." Harvard Business School Case 805-091, February 2005. (Revised November 2005.)