Alibaba IPO News
In March, Alibaba Group planned to split into six business groups and launch separate public listings, triggering mass layoff, according to a Nikkei Asia report.
"We are considering proposing that, generally, "one share, one vote" should prevail but that weighted voting rights structures should be allowed for certain companies in certain circumstances and with certain safeguards," HKEx`s head of listing David Graham said in the statement.
As Alibaba was preparing to sell shares to US investors for the first time, Jerry Verseput tried to persuade his clients not to throw money at the giant China-based e-commerce company because he thinks IPOs are a gamble, especially those with a lot of hype.
Internet tycoon Jack Ma has said his employees will not receive traditional Chinese New Year gifts because 2014 had not been "exceptional" for the company, despite its world-beating IPO listing on Wall Street.
Buoyed by it success Ma has recently visited India and promised to invest more in Indian markets to expand his business network.
Ma said the company faced more pressures due to the limelight it received following its big show last year by winning the biggest IPO.
South Korea`s S.M. Entertainment Co on Tuesday denied a media report saying Alibaba Group Holding is considering an investment in the leading K-Pop agency through a stake buy.
Chinese e-commerce giant Alibaba on Thursday raised $8 billion in a bond offering, the Wall Street Journal said.
Royal Bank of Canada said on Tuesday it pulled out of and forfeited fees in the Alibaba initial public offering, after an employee commented on the deal during the quiet period before the world`s largest IPO.
China previously had only two private banks, Minsheng and Ping An.
The newest way to bet on the fortunes of Chinese e-commerce heavyweight Alibaba Group Holding Ltd will debut on Monday when its stock options go live for trading, and investors should look for the initial action to be very busy, but also choppy and potentially pricey.
The largest stock offer in history has made Jack Ma, founder of e-commerce giant Alibaba, China`s richest person with a fortune of $25 billion.
Alibaba`s initial public offering now ranks as the world`s biggest at $25 billion, netting underwriters of the sale a more than $300 million windfall after the e-commerce giant and some shareholders parted with additional shares.
Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares, a source with direct knowledge of the deal said on Monday, making its IPO the biggest-ever globally at a value of $25.03 billion.
Alibaba made its long-awaited Wall Street debut Friday on the heels of a record stock offering that opens the door to global expansion for the Chinese online retail giant.
Yahoo is making amends for years of blundering with one smart move: an early investment in China's Alibaba Group that has turned into a multibillion-dollar boon.
The amount raised by the initial public offering (IPO) would be USD 25.02 billion if options are exercised for additional demand, breaking the 2010 record of China`s AgBank of USD 22.1 billion.
In a note Thursday, analysts at Morningstar said the shares are more fairly valued at $90 each.
Chinese online giant Alibaba Group is set for a record IPO debut on Friday at the New York Stock Exchange (NYSE) where is it expected to raise about USD 25 billion through the sale of shares.
Chinese e-commerce giant Alibaba is in talks with online retailer Snapdeal to enter India, a daily business newspaper reported on Thursday, citing two people aware of the development.
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