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Infinova raises $300 m in IPO

January 7, 2011Martha Entwistle

MONMOUTH JUNCTION, N.J.—Video surveillance manufacturer Infinova announced Jan. 6 that it had taken the company public and raised $300 million with a Dec. 24 IPO on the Chinese Stock Exchange. Why take the U.S.-based company public in China rather than in the U.S.? “That's where the money is,” Jeffrey Liu, Infinova CEO told Security Systems News. “You get more money for your shares if you go to China, and once you have the money, you can use it anywhere you want globally.”...

Chinese Stock Exchange, Infinova, Initial Public Offering (IPO), Jeffrey Liu