June 26, 2017 / 11:15 AM / 2 months ago

Alibaba-backed Best Inc files for IPO

June 26 (Reuters) - Best Inc, a Chinese logistics company backed by Alibaba Group Holding Ltd, on Monday filed for an initial public offering of American depositary shares to raise up to $750 million.

Alibaba owns about 23.4 percent stake in the company.

Best will apply for listing its ADSs on the NYSE or the Nasdaq Global Market, the company said. (bit.ly/2sI6hWO)

Reporting By Aparajita Saxena in Bengaluru; Editing by Sriraj Kalluvila

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below