Deals
Chinese Gripe at Being Left Out of Alibaba’s IPO
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Zhou Nushi, a retired factory worker in Shanghai, would like to buy shares of Alibaba Group Holding Inc. as the Chinese e-commerce company prepares to go public in what may be the biggest initial share sale ever.
The trouble is she can’t. Like most Chinese, she doesn’t have the financial resources and extensive qualifications necessary to invest in securities listed outside the mainland. Alibaba, based in Hangzhou, is listing its stock in the U.S.