GC
Plenty of questions remain as Alibaba files jumbo US IPO
Technology firm Alibaba Group Holdings lodged its preliminary prospectus with the US Securities and Exchange Commission to great fanfare this week, as this much-hyped business moved a step closer to listing. However, key information on the IPO — such as how big it will be — remains in scarce supply, writes Rev Hui.
“It’s exciting times for the capital markets world because this is the first concrete step to what is probably the largest IPO globally in years,” said one Hong Kong banker close to Alibaba's deal, adding that it could inject fresh impetus into a sector that has suffered a
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