Julius Baer: Is the IPO boom a sign the market is at its peak?
Out earlier this month, ‘Worth a Read’ piece by Julius Baer’s Christian Gattiker & Mathieu ...
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© Romolo Tavani
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Dreamstime.com
By Mr Joy
Chinese monolith Alibaba intends to IPO its logistics business Cainiao, listing it on the Hong Kong Stock Exchange.
How investors respond, some could argue, will serve as a roadmap for other logistics services providers considering a public listing – think of* long-standing candidate De Well – as well as Alibaba’s other peripheral businesses. Is that true?
(*…with the appalling JD Logistics Hong Kong IPO – which has led to massive value destruction so far – in mind.)
Open sesame
To understand Cainiao, we ...
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