Alibaba Moves Ahead With Plan to List Chip Unit T-Head in Hong Kong
· 4 sources
StreetInsider, Finimize, Yahoo Finance Singapore and Stock Titan report Alibaba is advancing a Hong Kong spinoff listing of its chip unit T-Head.
What happened
Alibaba Group Holding is moving forward with plans to list its chip subsidiary T-Head in Hong Kong through a spinoff, according to StreetInsider, Finimize and Yahoo Finance Singapore.
Finimize describes the development as a step toward a Hong Kong IPO for T-Head. Yahoo Finance Singapore says Alibaba is advancing those IPO plans for the chip business.
Stock Titan adds that Alibaba (BABA) obtained a waiver related to assured access for shareholders to shares in the proposed spinoff. The sources provided do not give further terms or a timetable.
Context
A spinoff listing separates a business unit from its parent company and lists it as its own publicly traded entity, often on a different exchange or in a different market.
Why it matters
The plan could matter to investors following how Alibaba structures its chip operations and how its shareholders may take part in a separately listed unit.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$105.38−3.72% vs. previous close ($109.45) · November 9
Fair value (ATLAS)
$132.41Fair range: $77.09 to $225.16The price ($105.38) is 20.4% below that figure.
Chance of a rise in 1 month
50%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $98.08 and $112.96; 9 in 10, between $86.55 and $128.01.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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