In a move that largely went unnoticed yesterday in the US, the American government decided to remove Taobao from its annual global list of “notorious markets.”
The list of “notorious markets” is not and never has been any hindrance to an IPO. Companies do business as usual and IPO while on the list without problem. The list has little meaning and no legal standing. That is the main reason for it going unnoticed. This was a nonevent.
With the AliPay agreement Jack Ma reluctantly agreed to a possible IPO as early as late 2015. Today Jack Ma controls Alibaba Group. After an IPO that might not be the case since he will not hold a controlling interest and the new Alibaba Group public company board of directors might chose some other CEO.
Jack Ma has nothing to gain by Alibaba Group going public, but much to lose. He would not be the first founder to be kicked out of his company after going public. And I am also sure he has no burning desire to become the Jerry Yang and David Filo of Alibaba Group.