China Tech Giants Choose US for ‘World’s Biggest IPO’

Posted by Joachim Bartels | Apr 4, 2014 | Alibaba, China, E-Commerce, United States, Weibo, Worldbox | 0 |

The Chinese e-commerce giant Alibaba has said it will float in the US to raise up to $15bn, while China’s twitter-like service Weibo is expecting a $500m listing in New York.

The world’s biggest online retailer Alibaba abandoned plans for an offering in Hong Kong, after talks with regulators failed. It is unknown whether it will choose the New York Stock Exchange or its tech-centric competitor, Nasdaq.

Alibaba had insisted on maintaining its management structure, which allows executives at the Chinese business to retain board control: a setup at odds with Hong Kong’s rules for listing there…

— Read the full story on Worldbox: http://worldbox.net/financialnews/china-tech-giants-choose-us-for-worlds-biggest-ipo

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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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