Funds start buying into Alibaba
Just over one month after Alibaba’s $25bn IPO on the NYSE, the largest in history, five funds registered for sale in Asia have made the Chinese ecommerce giant a top 10 holding.
IPO
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brandeaux withdraws IPO over market
Liberty Living, a subsidiary of troubled student property fund Brandeaux, has withdrawn from a £400m initial public offering just one month after its announcement.
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southeast asian investors expected to pounce
Southeast Asian investors are expected to pile into shares in a Malaysian plantation owner, in what experts say will probably be the second-largest initial public offering of the year after Facebook.