fbpx

Tag Index  /  Showing 1 - 4 of 4 results for “NYSE”

Cryptocurrency Finance Policy

Does the SEC Have a “Crypto Mom” Problem?

Commissioner Hester Peirce has been unusually vocal in expressing her opinion that the SEC has failed to articulate clear and consistent rules. But simply saying “there ought to be rules” isn’t adequate in the long run.   More

Business E-Commerce

Alibaba Picks NYSE, Plays with Yahoo, Football

It’s been two weeks since I’ve written a post exclusively about leading e-commerce company Alibaba, so I thought I’d end the week with a round-up of a few company news bits including its selection of the New York Stock Exchange for its highly-anticipated IPO. In related news, the company’s major shareholder Yahoo is reportedly in talks to reduce its planned sale of Alibaba shares in the offering. Last but not least, Alibaba has formally added its name to one of its latest acquisitions, a stake in one of China’s leading soccer clubs.   More

Finance Global Tech

Alibaba Changes IPO Course, Heads For New York

All my previous predictions that e-commerce leader Alibaba would ultimately make its mega IPO in Hong Kong were wrong, with word that the company is now firmly fixed on New York for its highly anticipated share sale. In my defense, I should say that a huge surge in positive sentiment over the last 5 months towards China Internet stocks on Wall Street undoubtedly helped change Alibaba’s mind. The company had previously stated on numerous occasions that Hong Kong was the preferred venue for its blockbuster IPO, which reports are now saying could raise up to $15 billion, making it the world’s biggest Internet offering since Facebook raised $16 billion in 2012.   More

Finance Global Tech

Cloudary, Spreadtrum Pull Out Of NY

The exodus of Chinese tech firms from New York stock exchanges continues at a steady pace, with cellphone chip maker Spreadtrum announcing a sweetened buyout offer and online entertainment firm Shanda indefinitely delaying its IPO plans. These latest moves reflect not only the chilly U.S. investor climate towards Chinese firms, but also the fact that many of these firms have become attractive buyout targets due to their low valuations. As a result, we could see some interesting bidding wars emerge in the weeks ahead for a few of the companies that have already received buyout offers.   More