The Exploration of the Reasons for Alibaba to List on the New York Stock Exchange (NYSE) in 2014

Research Article
Open access

The Exploration of the Reasons for Alibaba to List on the New York Stock Exchange (NYSE) in 2014

Yimo Liu 1*
  • 1 China Agricultural University, Beijing 100091, China    
  • *corresponding author Yimo.2.liu@ucdenver.edu
Published on 27 April 2023 | https://doi.org/10.54254/2754-1169/6/2022183
AEMPS Vol.6
ISSN (Print): 2754-1177
ISSN (Online): 2754-1169
ISBN (Print): 978-1-915371-23-2
ISBN (Online): 978-1-915371-24-9

Abstract

Alibaba made an important announcement on August 8 in 2022, showing that its requirement about applying to the Hong Kong Stock Exchange for a dual primary listing in Hong Kong and New York had been confirmed and approved by the Hong Kong Stock Exchange. Unquestionably it’s such a crucial action that was done by Alibaba to expand its market and finance further after its first controversial large-scale Initial Public Offerings (IPO) on the New York Stock Exchange (NYSE) in 2014. The listing process of Alibaba created a sensation in the world that gave rise to the discussion about the reasons and effects of this decision for the company itself and the IPO market in China in recent years. The current study summarized the previous professional articles on these discussions to explore the key reasons for Alibaba to choose to list on the NYSE and the changes in the thoughts of this decision due to the changing times. Although this decision let Alibaba slip into a more competitive global business environment and resulted in the query for its unique governance structure, listing on the NYSE was still more beneficial for Alibaba at that time. The proper unprecedented determination brought greater growth opportunities for Alibaba and provided guidance for future companies. With the development of the times and policy reform in China, the methods of Initial Public Offerings in the companies certainly tend to be more varied and exoteric that need to be innovated and dialectically treated.

Keywords:

Liu,Y. (2023). The Exploration of the Reasons for Alibaba to List on the New York Stock Exchange (NYSE) in 2014. Advances in Economics, Management and Political Sciences,6,432-437.
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References

[1]. Fama, Eugene F., and Kenneth R. French. "New lists: Fundamentals and survival rates."Journal of financial Economics 73.2, 229-269 (2004).

[2]. Osawa, J., P. Mozur, and R. Winkler. "Alibaba Flexes Muscles Before IPO." Retrieved November 3, 2015 (2014).

[3]. Palepu, Krishna, et al. "Alibaba Goes Public (A)." (2014).

[4]. Jeng, Leslie A., and Philippe C. Wells. "The determinants of venture capital funding: evidence across countries." Journal of corporate Finance 6.3,241-289 (2000).

[5]. Zhang, Jing, et al. "Institutional environment and IPO strategy: A study of ChiNext in China." Management and Organization Review 13.2, 399-430 (2017).

[6]. Meng, Fanpeng. "A history of Chinese companies listing in Hong Kong and its implications for the future." Journal of Corporate Law Studies 11.1,243-266 (2011).

[7]. Havinga, Marieke, Martijn Hoving, and Virgil Swagemakers. "Alibaba: a case study on building an international imperium on information and E-Commerce." Multinational management. Springer, Cham, 13-32 (2016).

Cite this article

Liu,Y. (2023). The Exploration of the Reasons for Alibaba to List on the New York Stock Exchange (NYSE) in 2014. Advances in Economics, Management and Political Sciences,6,432-437.

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The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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About volume

Volume title: Proceedings of the 2022 International Conference on Financial Technology and Business Analysis (ICFTBA 2022), Part 2

ISBN：978-1-915371-23-2(Print) / 978-1-915371-24-9(Online)
Editor：Javier Cifuentes-Faura, Canh Thien Dang
Conference website: http://www.icftba.org
Conference date: 16 December 2022
Series: Advances in Economics, Management and Political Sciences
Volume number: Vol.6
ISSN：2754-1169(Print) / 2754-1177(Online)

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References

[1]. Fama, Eugene F., and Kenneth R. French. "New lists: Fundamentals and survival rates."Journal of financial Economics 73.2, 229-269 (2004).

[2]. Osawa, J., P. Mozur, and R. Winkler. "Alibaba Flexes Muscles Before IPO." Retrieved November 3, 2015 (2014).

[3]. Palepu, Krishna, et al. "Alibaba Goes Public (A)." (2014).

[4]. Jeng, Leslie A., and Philippe C. Wells. "The determinants of venture capital funding: evidence across countries." Journal of corporate Finance 6.3,241-289 (2000).

[5]. Zhang, Jing, et al. "Institutional environment and IPO strategy: A study of ChiNext in China." Management and Organization Review 13.2, 399-430 (2017).

[6]. Meng, Fanpeng. "A history of Chinese companies listing in Hong Kong and its implications for the future." Journal of Corporate Law Studies 11.1,243-266 (2011).

[7]. Havinga, Marieke, Martijn Hoving, and Virgil Swagemakers. "Alibaba: a case study on building an international imperium on information and E-Commerce." Multinational management. Springer, Cham, 13-32 (2016).

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