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Alibaba close to deciding on New York as IPO venue – FT


Chinese e-commerce giant Alibaba Group Holding is 95 percent certain to choose New York as the venue for its initial public offering, the Financial Times reported on Thursday, citing unnamed sources close to the deal. The company is no longer discussing a potential listing in Hong Kong, the newspaper added, citing the sources. Alibaba declined immediate comment on the planned IPO, which analysts have estimated could be worth more than $15 billion. The companys listing venue has been up in the air since last year, after Hong Kong regulators refused to bend on their one share-one vote stance.

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