Sep 25, 2013
Alibaba goes after U.S. IPO after ditching Hong Kong option
Chinese e-commerce company Alibaba is reportedly pulling out of a Hong Kong initial public offering, and plans to go public in the U.S. instead.
by Linda Yueh
Alibaba, often described as the Amazon.com of China, wants to sell stock to the public. This morning, there’s news that the company’s negotiations to file for an initial public offering on the Hong Kong exchange have broken down. Now Alibaba is gearing up to do its IPO in New York instead.
The BBC’s Linda Yueh joins Marketplace Morning Report host David Branaccio to discuss.
Click the audio player above to hear more.