TECH - Alibaba's Cainiao Smart Logistics Network Files for Hong Kong IPO: What Investors Need to Know | Benzinga
Alibaba Group Holding Limited (NASDAQ: BABA) logistics arm Cainiao Smart Logistics Network Ltd filed for its Hong Kong initial public offering.
The first-time share sale could raise a minimum of $1 billion, Bloomberg cites knowledgeable sources.
Citic Securities Co, Citigroup Inc (NYSE: C), and JPMorgan Chase & Co (NYSE: JPM) are joint sponsors of the offering.
The ...