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back to article Chinese tat bazaar Alibaba snubs Honkers, eyes up Wall St float

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 …

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  1. Tom 35

    The Hong Kong market is not generally fond of dual-stock structures

    Sell your cake and keep it too?

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    1. Anonymous Coward
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      Anonymous Coward

      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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