Market bets Alibaba privatisation will succeed

The Alibaba Group offers up to $2.5 billion to take its Hong Kong-listed B2B trading platform private, four years after the company went public.

Market bets Alibaba privatisation will succeed
Alibaba founder Jack Ma (Imaginechina)

The market gave a thumbs up yesterday to Alibaba Group’s proposal to privatise its Hong Kong listed business-to-business B2B unit Alibaba.com a little more than four years after it went public. Or how else does one interpret the 42.7% jump in the share price when the stock resumed trading yesterday

The share price didn’t quite match the offering price it closed 2.2% below but analysts say the fact that it got so close is a...

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