The move is likely to prompt other major firms such asInc, Netease Inc and Baidu Inc to consider upgrading to dual primary listings, said Periscope Analytics founder Brian Freitas, who publishes on Smartkarma.
Dingdong aims to launch the deal as soon as the fourth quarter, said one of the sources. The company backed by SoftBank, is seeking a Hong Kong primary listing only a year after it raised $95.7 million in an U.S. IPO.Dingdong,and Netease did not immediately respond to a request for comment from Reuters. Baidu declined to comment.
Allowing Alibaba into Stock Connect could see $21 billion inflows in its Hong Kong listed shares, Bernstein analysts estimated, if its total ownership from mainland investors reached 7% to 10% in line with some of its large cap rivals. Among other Chinese firms considering similar moves, video platform Bilibili Inc said in a May statement that it had applied for a Hong Kong dual primary listing and hoped to have the deal finalized on Oct. 3.
9-th sercretary of United Nations-Guteres shows no ability as a negotiator in politic, as a sample,with Putin. Both his actions: last Mariupol negotiations and Crops negotiations in Turkey- was complete LOST!