 "Softbank")
Alibaba's recent registration of additional American Depository Shares is not tied to any specific future transaction by SoftBank Group Corp , a spokesperson for the Japanese conglomerate said on Wednesday.
"The registration of the ADR conversion facility (F6 filing, which was filed by Alibaba), including its size, is not tied to any specific future transaction by SBG," SoftBank said in a statement to Reuters.
E-commerce giant Alibaba last week filed to register an additional one billion American Depository Shares. The move, Citigroup analysts said this week, "might also suggest potential selling intention by SoftBank." "Since Softbank has been a pre-IPO
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