The London Stock Exchange has joined the queue of venues trying to attract the multibillion dollar listing of Alibaba, China’s biggest ecommerce company, after Hong Kong rejected it on corporate governance concerns.
Alibaba executives met UK officials who were in Hong Kong last week as part of the visit by Boris Johnson, Mayor of London, according to people familiar with the events. The London Stock Exchange declined to comment.
The company is pursuing an initial public offering that could value the business at more than $60bn mainly because of a sales agreement with its second-largest shareholder, Yahoo, which wants to offload more of its stake.
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