Jeffrey Vetter, co-chair of Fenwick & West’s securities and corporate finance group, is quoted in The Wall Street Journal in the article “Alibaba Questions Hong Kong Exchange's Stance.”
The article discusses Alibaba Group Holding Ltd.’s move toward taking its company public in the United States. "Foreign private issuers have a lot of flexibility under stock-exchange listing rules," Vetter told The Wall Street Journal."You can opt out if your home jurisdiction practices differ from the U.S.'s."
According to the article, “Alibaba wants to structure its initial public offering—which, analysts said, could value the company at $70 billion or more—to allow the company's founders to retain control. But talks with the Hong Kong Stock Exchange broke off when the two sides couldn't reach agreement on that structure.”