Alibaba may compromise to allow listing in Hong Kong

HONG KONG - Alibaba Group is reportedly working on a compromise with the Hong Kong stock exchange to allow it to list in the HKSAR. Under the plan, the company would not demand a dual-class share structure - rather, the new CEO would be chosen from the 28 partners so that decisions by the CEO would need to be approved by the majority of Board Directors. The deal would be a concession on Alibaba’s part, but would allow it to avoid regulatory hurdles that accompany listing in New York, another city the company was considering. The IPO is expected to be the largest debut by a technology company since Facebook. Estimates put the value of Alibaba after the IPO at US$100 billion.