This blog is becoming a bit of a one trick pony with its slightly obsessive focus on Alibaba's IPO. However no apologies for that: it will certainly be by far the largest ever B2B IPO in Asia along with a rash of other superlatives that I'm sure we'll be hearing more of in the coming days.
Anyway, on to the point of the post: today's South China Morning Post (and, I think it really is them this time, not Bloomberg) reports the following:
- Alibaba "secured in-principle approval from the Hong Kong stock exchange yesterday for a US$1 billion initial public offering".
- The company was asked to submit additional information to the stock exchange's Listing Committee because "the committee was concerned that Alibaba might face internal competition in the search engine marketing business".
- The expectation of a listing some time this month is repeated.
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