If Investors are still getting driven by the exaggerated speculations, it’s time for rumours to end and getting a hold of the truth. According to an Alibaba spokesperson, the company has no intention of going for an IPO in the Hong Kong stock market, there is a 95 percent chance of issuing an IPO at one of the New York exchanges.
There are news sources that say Alibaba even has no more associations with the Hong Kong exchange. Instead, the Chinese e-commerce company is all set for enlisting its share in the U.S. If the latest updates from the sources to be believed, big names like Morgan Stanley and Credit Suisse have already laid out plans to list its share in the New York Stock Exchange. If people are looking for low cost, prospective and inspiring investment opportunities in the U.S., they should prepare for the Alibaba listing as it has all chances to set forth the new share price and announce it anytime this year.
Earlier, the company was waiting to be granted with a favourable rule change by the Hong Kong exchange. But, to date, they don’t see any such opportunities. The type of partnership structure Alibaba is expecting can hurt the Hong Kong’s rule. This is why the company seems to overrule any chances of going public in this location. At present, the company has around 20,000 employees in Greater China, UK, India and US offices. The group has become quite large and can be expected to see a stable growth in the future as well. With its IPO, Alibaba is expecting to raise almost $15 billion.