case study by georges souaid .

. Founded by Jack Ma and 17 other people in 1999 . One of the largest retailers

. it has operations in more than 200 country . over 500 million user

. primarily fueled by Chinese massive population . make up to 80% of chinese b2c and c2c markets

alibaba has a dual class share structure.

.in 2013 alibaba wanted to go public . either U.s Or H.k Markets

. DSC accepted . Largest tech firms listed . Profit for three years not required

. Strict litigious culture . High compliance costs . Chinese company are undervalued

. Adopts one share one vote . not have many high-tech company listed .Profit for three years is req.

. not have a class-action legal system. . it would be easier for Alibaba to maintain status quo

just weeks after submitting its application, negotiations with HKEx fell through.

. not have a class-action legal system. . it would be easier for Alibaba to maintain status quo

. not have a class-action legal system. . it would be easier for Alibaba to maintain status quo

just weeks after submitting its application, negotiations with HKEx fell through.

. launched its IPO on 21 September 2014 in NYSE . biggest IPO, and raised a total of US$25 bill

Shares jumped from $68 to over $90 during the first trading day.

Five years after, the HKEx restructured there rules and alibaba made it secondary listing in 2019

It smashed the record of the largest IPO of 2019

Chapter 19