Hong Kong targets next Alibaba in revamp of IPO rules

Hong Kong targets next Alibaba in revamp of IPO rules

People look out from the waterfront in the Tsim Sha Tsui district as buildings across the Victoria Harbour stand illuminated at night in Hong Kong, China, on Tuesday, Aug. 30, 2016. Photographer: Anthony Kwan/Bloomberg

Hong Kong’s stock exchange proposed to let “innovative” companies list in the Chinese enclave with dual-class share structures to avoid losing out on more initial public offerings by technology giants like Alibaba Group Holding Ltd.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter