Kellogg World Alumni Magazine

KH-01

Rachel Chiang took Goodbaby public in November on the Hong Kong Stock Exchange. It was oversubscribed by 1,450x — the third most sought-after IPO in the Hong Kong Stock Exchange's history and most popular listing in 2010. Rachel did the LBO in 2006 and the PE fund under her management owns 67 percent of the company prior to IPO. The LBO was the first-ever Chinese LBO in history.