NEW YORK: Alibaba Group Holding Ltd founder Jack Ma on Monday surprised potential investors at a standing-room only event in New York by addressing governance concerns over the Chinese e-commerce giant, including a controversial 2010 spin-off of its online payment service.
Alibaba is seeking to raise more than US$21bil in the largest-ever US technology IPO, valuing the company at up to US$163bil. It expects to price the IPO at US$60 to US$66 per American Depositary Share, which are scheduled to start trading on the New York Stock Exchange later this month.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
