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Strategies & Market Trends : Greater China Stocks

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From: Sam	5/7/2014 8:45:00 AM
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Alibaba Files For IPO, As Yu'ebao Pauses Doug Young May. 7, 2014 7:24 AM ET \| About: ABABA The IPO story of the year has finally begun, with word that leading Chinese e-commerce firm Alibaba has finally made its first public filing for a listing in New York. But anyone hoping for a blockbuster deal that would have been the biggest tech IPO since Facebook's (Nasdaq: FB) 2012 offering will be disappointed to learn that Alibaba is seeking to raise a relatively modest $1 billion in the deal. Alibaba made the filing as a separate media report said the company's high-flying Yu'ebao, its financial product that competes with traditional bank savings accounts, is about to have its wings clipped with new reserve requirement regulations from the central bank. more at seekingalpha.com

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