Alibaba Deals a Blow to Hong Kong Stock Exchange |
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China's biggest e-commerce company, Alibaba, is expected to hold one of the year's biggest stock offerings - but it won't be in Asia. The company now plans to list in New York instead of Hong Kong after talks reportedly broke down with the city's stock exchange and regulators. Some analysts estimate that the IPO could be as large as $70bn. The opinions expressed do not constitute investment advice and specialist advice should be sought about your specific circumstances. Published on our website on September 29, 2013
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