Brave, not foolish: HKEx on Alibaba IPO
Hong Kong’s equity market was sent into a frenzy last week after it was confirmed that IPO talks between Alibaba Group and the city’s exchange had broken down, sparking a war of words in the press by senior management from the two sides. While it may seem ludicrous for the Hong Kong Stock Exchange to let such a huge IPO slip through its fingers, it was the correct decision.
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