Site icon China Economic Review

Alibaba chooses US over HK for IPO

Alibaba has chosen to list in the US, in what could be a US$15 billion deal, Reuters reported, citing a company statement on Sunday. Alibaba’s listing dealt a blow to the Hong Kong Stock Exchange, which was originally the preferred destination for its IPO. Alibaba was unwilling to compromise on its partnership structure to meet listing requirements in Hong Kong and any regulatory changes in the territory would have taken several months to push through.

Exit mobile version