alibabacoms-ipo-attracts-strong-initial-interest

Alibaba.com's IPO attracts strong initial interest

The provider of China's leading online trading platform seeks to raise up to $1.3 billion in a deal that includes clawback provisions for cornerstone investors.

By Anette Jönsson

October 15, 2007

The long-awaited initial public offering of Alibaba.com kicked off in Hong Kong yesterday and, if there was any doubt about the local interest in this deal, the hoards of reporters waiting outside the door to the investor lunch presentation which was closed to the media ought to have set the record straight.

The excitement stems partly from the fact that the provider of ChinaÆs leading online trading platform has chosen to list in Hong Kong rather than following the lead of so many other Chinese technology plays which have gone public on Nasdaq. The popularity of the groupÆs founding chairman Jack Ma was also evident by the flashes that accompanied his arrival to yesterdayÆs luncheon....

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