Alibaba goes after U.S. IPO after ditching Hong Kong option

Linda Yueh Sep 25, 2013
HTML EMBED:
COPY

Alibaba goes after U.S. IPO after ditching Hong Kong option

Linda Yueh Sep 25, 2013
HTML EMBED:
COPY

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. 

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.