|
Title: Chinese E-Commerce Giant Plans Stateside IPO Post by: HCK on March 18, 2014, 02:00:20 pm Chinese E-Commerce Giant Plans Stateside IPO
Gargantuan Chinese e-commerce outfit Alibaba soon will begin the process of launching an initial public offering on the New York Stock Exchange. Early forecasts suggest that the IPO could raise $15 billion. The announcement seemingly ends speculation about whether Alibaba would be listed on the NYSE or in Hong Kong. Alibaba apparently found some of the SEHK's rules particularly unpalatable. Source: Chinese E-Commerce Giant Plans Stateside IPO (http://www.technewsworld.com/story/80152.html?rss=1) |