Alibaba Group Holding Ltd (BABA): Alibaba is working on a plan to list its...

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Thursday, 03/15/2018 9:01:23 AM

Thursday, March 15, 2018 9:01:23 AM

Alibaba is working on a plan to list its shares in China: WSJ
By: MarketWatch | March 15, 2018

Alibaba Group Holding Ltd. BABA, +3.68% is working on a plan to list its shares in China, The Wall Street Journal reported on Thursday, citing people familiar with the matter. The e-commerce giant is looking into ways its shares could be traded by investors on the mainland, the paper reported. A listing could come as soon as summer, if the country changes it securities laws, it said. Under current rules, Alibaba is forbidden from listing in china because of its dual-class structure. Shares were up 2.7% in premarket trade, and have gained 86% in the last 12 months, while the S&P 500 SPX, -0.57% has gained 15%.

https://www.marketwatch.com/Story/alibaba-is-working-on-a-plan-to-list-its-shares-in-china-wsj-2018-03-15?&siteid=yhoof2&yptr=yahoo

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