24 April 2019

Alibaba partnership structure satisfies US exchanges, Sina says

Alibaba Group’s partnership structure has been accepted by the New York Stock Exchange and NASDAQ Stock Exchange, news portal reported Sunday, citing a spokesperson from the e-commerce giant. Alibaba’s partnership model fully complies with listing rules, the exchanges said in letters to the company. However, it is not clear whether Alibaba will file for listing in the United States, the report said. The company is likely to choose NASDAQ if it decides on a US initial public offering, an analyst was quoted as saying.

– Contact HKEJ at [email protected]


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