Alibaba to hold IPO kickoff meet
Print Edition
CHINESE e-commerce giant Alibaba Group Holding Ltd will hold the kickoff meeting for its planned United States initial public offering on March 25, setting in motion the most high-profile listing since Facebook Inc’s offering nearly two years ago, sources familiar with the plans said yesterday.
The company, whose platforms handle more goods than EBay Inc and Amazon.com Inc combined, will meet with the six main banks arranging the deal, as well as lawyers and other professionals working on the IPO.
At the meeting in Hong Kong, Alibaba will discuss their roles and outline plans for the listing, the sources added.
Alibaba said on Sunday that it will hold its long-awaited IPO in the US. It is in discussions with Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan and Morgan Stanley for lead underwriting roles.
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