On November 14, according to Tencent News, Alibaba’s IPO officially opened for Hong Kong-based institutional investors.
According to Chinese media reports, internet giant Alibaba is ready to start pre-IPO roadshows in Hong Kong next week.
Ludashi (lit. Master Lu), a computer system optimization and security firm recently spun off by the Chinese Internet conglomerate Qihoo 360, went public in Hong Kong on October 9.
The Hong Kong Stock Exchange has made a bold proposal to acquire the London Stock Exchange in a deal worth $36.6 billion.
Alibaba Group has delayed its much-awaited listing in Hong Kong that could help the company to rake in up to $15 billion.
Bloomberg has reported that Alibaba will choose China International Capital Corp. and Credit Suisse Group AG to lead the share sale for their Hong Kong offering.