Comment on The red flags around Alibaba and one of the biggest stock debuts in history

The red flags around Alibaba and one of the biggest stock debuts in history

The Alibaba Group, China’s e-commerce powerhouse, made history Friday when it raised more than $21 billion in a record-breaking stock market debut. So what exactly did investors buy? A piece of a Caribbean-based holding company with tenuous ties to the actual firm. An ownership stake that’s overshadowed by the powers granted to a small group of insiders.

 

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