Chinese e-commerce giant Alibaba Group Holding Ltd will pursue an IPO in the United States after talks with Hong Kong regulators broke down, a move bound to set off a dogfight between the two main U.S. stock boards for the offering. The loss of the sale, which bankers have estimated […]
Tag: Hong Kong
Alibaba Said to Hire Credit Suisse, Goldman for $4 Billion IPO
Alibaba Group Holdings Ltd., China’s biggest e-commerce company, hired Credit Suisse Group AG and Goldman Sachs Group Inc. (GS) to arrange an initial public offering, said two people with knowledge of the matter. The IPO may raise $3 billion to $4 billion in Hong Kong this year, said one of […]
