Alibaba Puts IPO Plans on Hold

Posted by Joachim Bartels | Oct 25, 2013 | Alibaba, China, E-Commerce, Hong Kong, Online Media - Buyer - Seller Platforms | 0 |

China’s largest e-commerce company, Alibaba Group, has put its initial public offering (IPO) plans on hold to allow Hong Kong’s stock exchange and its regulators to rethink over its proposal of a dual-class share structure listing. The listing structure would allow its 28 partners to nominate a majority of board members to retain control over the nomination of a majority of board members.

The company was recently turned down by the Hong Kong Stock Exchange which follows a “one share, one vote” policy. Alibaba’s management stressed the company considers Hong Kong its top priority regarding a listing venue.

Source: Business Strategies Group Hong Kong – www.bsgasia.com

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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