China's Alibaba.com seeks up to US$1.33 billion in Hong Kong IPO |
| International Herald Tribune - Oct 15, 2007 |
Alibaba.com Ltd. is raising up to US$1.33 billion (€940 million) on the Hong Kong exchange in what is set to be the largest initial public offering by a Chinese technology operator, the company said in a preliminary listing prospectus Monday.
The business-to-business operator, founded by its chairman Jack Ma in June 1999 and with a registered user base of 24.6 million, is selling 858.9 million shares, or 17 percent of its enlarged share capital, in an indicative price range of HK$10 to HK$12 (US$1.29-US$1.55) each, according to the listing document.
The institutional tranche accounts for three-quarters of the shares on offer, while the local retail tranche accounts for 15 percent.
Read Full Article from International Herald Tribune
- Posted: 2007-10-15 10:15:53
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