Alibaba Goes Public

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Tomorrow’s opening bell at the New York Stock Exchange will be rung by Chinese multi-billionaire Jack Ma, the owner of Alibaba. He’s expected to set off the biggest Initial Public Offering in American history. But, whatever the stock price, investors won’t actually be getting a piece of the company.

Chinese law says foreign investors cannot actually own any part of a Chinese company. That, of course, is what Alibaba is. So, tomorrow’s investors will be getting something different. Matt Schiavenza is with the International Business Times in New York City.




Warren Olney