Monday, August 03, 2009

Can't wait for that Infor IPO? Snack on some Chinese...

So Managing Automation reports that CDC Software, the long-rumored spinoff from the former China Dot Com, is ready to test the public markets.

They're apparently targeting a fairly indiscriminate breed of investor, however; get this:

"CDC Corp., through CDC Software International, would wield 98.1% of the voting interests and an 83.4% equity interest in the company after the offering."

Dang! Those are what we call in the business, management-friendly terms.

I'd be willing to carve off an overvalued chunk of xTuple for something in that neighborhood; please contact me with your sealed bids.