• Fri
  • Dec 26, 2014
  • Updated: 9:35am

Nasdaq

Alibaba faces bumpy road in US flotation after abandoning Hong Kong offering

Alibaba walked away from a Hong Kong listing after regulators refused to let the company maintain its partnership structure. Photo: Reuters

The United States will not be an easy option for the potential US$15 billion listing of Alibaba, which has been stuck in a war of words with the Hong Kong stock exchange and regulator over its listing plan.

Tuesday, 8 October, 2013, 8:18am 2 comments

Alibaba in no rush to float in Hong Kong this year

Jack Ma's main concern is about the control of Alibaba. Photo: AFP

Alibaba Group may postpone its potential HK$100 billion listing plan to 2015 if the mainland's top e-commerce firm cannot get a deal done in Hong Kong this year. 

13 Sep 2013 - 7:51am 1 comment

Nasdaq computers the target of Russian hackers, say US prosecutors

Nasdaq computers the target of Russian hackers, say US prosecutors

A prolific gang of hackers stole and sold 160 million credit card numbers from more than a dozen firms, causing hundreds of millions of dollars in losses, US federal prosecutors charged. But one company they hacked had nothing to do with credit cards or bank accounts: Nasdaq.

13 Aug 2013 - 3:53pm

Nasdaq forum website hacked, passwords compromised

The attack was aimed at Nasdaq OMX Group’s community forum website. Photo: Reuters

Cyber-criminals targeted Nasdaq OMX Group’s community forum website and gained access to the email usernames and passwords of the members of the site, which took two days to come back online on Thursday evening.

13 Aug 2013 - 3:52pm

US man pleads guilty in US$13m Facebook share case

Electronic screens show the price of Facebook shares after they began trading in New York on June 27, 2012. Photo: AP

An investment adviser pleaded guilty Tuesday in a US$13 million (HK$100.8 million) securities fraud scheme that prosecutors say capitalised on enthusiasm for shares of Facebook and other Internet companies about to go public.

26 Jun 2013 - 10:59am

New York loses IPO luster as Cogobuy eyes Hong Kong

An article today about the IPO plans of specialty e-commerce site Cogobuy caught my attention today, but not for the reasons you might think. 

21 Mar 2013 - 6:20pm

Alibaba may be considering an IPO in the US

Speculation about Alibaba's listing plans for later this year was fuelled by the decision of company founder Jack Ma to step down as chief executive on May 10. Photo: Bloomberg

Senior finance executives of Alibaba Group, which is widely expected to be planning its initial public offering this year, held a closed-door discussion with a representative of the American exchange yesterday at an undisclosed venue in Hong Kong, two people familiar with the situation said.

7 Mar 2013 - 6:12am

'Undervalued' Sohu.com mulls plan to quit Nasdaq

A Sohu.com employee walks past the logo of 2008 Beijing Olympic games and Sohu.com in Beijing, 23 October 2007. Photo: AFP

Chinese internet giant is talking to investors for funds to take company private, joining a list of Chinese firms to exit from what they see as an unfriendly US market. Four financial industry sources told the South China Morning Post yesterday that Sohu had recently talked to several banks, including Credit Suisse, to advise the Beijing-based company on a possible privatisation plan.

6 Mar 2013 - 10:44am

Cruise operator NCL launches Nasdaq bid

NCL Corporation, which is half-owned by Genting Hong Kong, would list on the Nasdaq and launched an IPO on Tuesday, Genting announced yesterday.

NCL, a Norwegian cruise operator, would offer up to 27.06 million shares at US$16 to US$18 apiece, announced Genting, a Hong Kong-listed cruise operator and casino investor.

9 Jan 2013 - 4:08am

7 Days seeks to delist from US market

7 Days could go private.

Mainland-based budget hotel operator 7 Days Group Holdings has received an offer to be taken private by a consortium of investors, including its co-chairmen, making it the latest Chinese company to try to delist from the US stock market.

The offer values the Guangdong-based hotel chain, which operates 1,132 hotels on the mainland, at about US$635 million.

28 Sep 2012 - 2:54am

Citi says Nasdaq Facebook compensation plan should be much bigger

Facebook shares have dropped to almost half the original price, but executives say they are working on making it more lucrative. JAMES BEST JR./NYT

Citigroup slammed Nasdaq OMX Group’s plan to compensate firms harmed by Facebook’s botched market debut to the tune of US$62 million, saying in a regulatory filing that the exchange should be liable for hundreds of millions more, according to a letter seen by Reuters.

23 Aug 2012 - 12:09pm

Delisting of Focus Media just the start

Delisting of Focus Media just the start

Focus Media's proposed delisting from the Nasdaq stock market in the United States is set to be a template for other Chinese companies that are growingly uncomfortable with the US market environment.

17 Aug 2012 - 5:49am

HK firm to appeal Nasdaq removal

CDC Software, a global business-management applications supplier founded in Hong Kong, has been targeted for delisting by Nasdaq after its parent firm, CDC Corporation, received a final notice of removal from the United States stock market.

28 Nov 2011 - 12:00am

Who said it?

If I were granted the right of abode, I could work as a waitress in restaurants instead of as a domestic helper. I want to spend more time to socialise with more people and date a guy. And I will marry someone and settle down here for the rest of my life

Soriano Pacita, 41, a domestic helper in Hong Kong for 14 years

28 Oct 2011 - 12:00am

Short-seller sets his sights on china inc.

He does not have an office and his work experience comprises a short stint as a corporate lawyer before founding a self-storage business in Shanghai. Yet Carson Block, the 35-year-old American short-seller responsible for felling the share price of mainland timber company Sino-Forest has just become one of the most attention-grabbing commentators on corporate China.

7 Jun 2011 - 12:00am

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