China‘s securities watchdog has punished two brokerages for violating rules in helping fraudulent firms to list shares, underlining Beijing’s determination to bring credibility to a stock market some have likened to a casino. The China Securities Regulatory Commission will fine Minsheng Securities 2 million yuan for failed due diligence in […]
Tag: IPO
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 […]
