NEA-backed Red Baby, Uni-Power Plan for 2011 IPOs

Chinese baby products retailer Red Baby, and Chinese financial guarantee company Uni-Power are both planning for initial public offerings next year, Reuters reported. Both are backed by U.S. venture capital firm New Enterprise Associates. NEA, which manages more than $11 billion, has poured nearly $300 million in more than 20 Chinese companies, Reuters said. The firm expects as many as three of those companies to go public in the next year.

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