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Wall Street has little to do with this listing, which was unimaginable 5 years ago, as Jack Ma noted.
by sangnoir 6y ago
Wall Street has little to do with this listing, which was unimaginable 5 years ago, as Jack Ma noted.
- valuearb 6y agoYou are correct. I was wrong in using Wall Street as a generic term for investment bankers when this is a record and ground breaking offering on Shanghai and Hong Kong exchanges. Still it’s being priced by Chinese bankers at such a ridiculous level that it is almost certain to work out very poorly for buyers.