Chinese web marketplace Alibaba reportedly looks set to field its initial public offering in the US after it failed to secure a stock exchange listing in Hong Kong. The online-shopping powerhouse, which is headed up by Jack Ma, could float on Wall Street early next year with a price tag valued at $70bn, the Wall Street Journal …
The Hong Kong market is not generally fond of dual-stock structures
Sell your cake and keep it too?
Re: The Hong Kong market is not generally fond of dual-stock structures
Ha! Yes I think so.
I always wonder what the buyers of these Chinese IPOs think they are getting for their money... RMB exchange controlled, there's no cake for sure.
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