Alibaba Group’s record US$25 billion initial public offering (IPO) on the New York Stock Exchange may encourage more potential Chinese issuers to look to the US, a capital markets expert said.
“The Alibaba offering is being viewed as a success story by both investors and the media. This sends a signal to Chinese internet and technology companies that the US is an attractive listing venue,” Stephen Peepels, head of US capital markets (Asia Pacific) at DLA Piper, told China Business Law Journal.
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