Sunday, September 08, 2013
Alibaba's IPO in HK is Getting Complicated
ANBOUND
With the director board of HK Securities and Futures Commission (SFC) rejected Alibaba's proposal to IPO via partnership, it seemed that the company’s bid for IPO is getting tougher. Anbound’s research team pointed out that although the company is a private enterprise, Alibaba holds major trading information that is considered to be "strategic" by nature. If its IPO was blocked, the situation will become even more complicated.