- Alibaba is "95% certain" to carry out its much anticipated IPO in New York rather than in Hong Kong, the FT writes, adding to previous reports that the Chinese e-commerce behemoth will float in the U.S.
- Listing in New York would allow Alibaba to create a dual-class structure of stocks that would enable its founders and senior managers to retain their tight grip on the company. Hong Kong doesn't provide such an option, although it's mulling a change in rules.
- Either way, the IPO is set to be one of the largest on record and should provide a large bonanza to Alibaba investors Yahoo (YHOO) and Softbank (SFTBF).
FT: Alibaba set to choose U.S. over Hong Kong for IPO
From other sites
at 4-traders.com (Mon, 6:36AM)
at 4-traders.com (Mon, 6:05AM)
at MarketWatch.com (Apr 10, 2015)
at CNBC.com (Apr 8, 2015)
at MarketRealist.com (Apr 6, 2015)
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