Welcome back to Baby Breakerdom! This week we find Intel
China, China, China. When will we stop hearing about China? How about never? In the wake of Baidu's
Also in China, SmartPay, a lookalike to eBay unit PayPal, raised $7.8 million in its opening round of funding. New York-based RRE Ventures told researcher VentureWire that it led the round because China is woefully behind other regions in formal payment systems, especially online.
How about a bit of irony to round things out? Usually I'm here talking about smallish investments that have the potential to be huge. But there are times when news is just too big to ignore. Literally. On Monday, Warburg Pincus announced that it has closed its largest-ever fund at $8 billion. Yeah, that's $8 billion. Warburg will focus on buyouts as well as start-up investments. Naturally, the buyouts will account for a bigger piece of the pie. Yet there will always be Rule Breaking needles to be found in haystacks like this. For example, Warburg was the original investor in application server pioneer and former Breaker BEA Systems
Finally, here is your week in Baby Breaker public offerings:
- Island-themed restaurateur Kona Grill
(NASDAQ:KONA)went public Tuesday at $13 per share. As of this writing, it's down to $12.40 per stub. Need more flavor? Check fellow Fool Rick Aristotle Munarriz's take.
Yep, that's it. Don't get discouraged. Rule Breakers aren't supposed to be on every corner. But more are out there. See you back here next week, when we continue the search.
For more Rule Breaking Foolishness:
- Take a lesson from history in your quest for the next ultimate growth stock.
- Sometimes you've got to go "all in" with your portfolio.
- Need a place to spend that spare $100 million?
Invest like a venture capitalist. Take a risk-free 30-day trial to Motley Fool Rule Breakers today.
Fool contributor Tim Beyers has no Chinese stocks in his portfolio, and he does not own any of the stocks mentioned in this story. He's beginning to feel left out. You can find out what's in his portfolio by checking Tim's Fool profile . eBay and ARM Holdings are Motley Fool Stock Advisor recommendations. The Motley Fool has an ironcladdisclosure policy.
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