Alibaba, Evergrande-owned soccer club files for China IPO in Asian first

Evergrande Taobao, the soccer team co-owned by Alibaba Group Holding Ltd and property firm Evergrande Real Estate Group Ltd, could become the first club listed in Asia after it filed for an initial public offering in China. The team, which recently signed Brazilian World Cup winning coach Luiz Felipe Scolari, filed with the National Equities Exchange and Quotations (NEEQ) to list on the so-called “New Third Board,” Evergrande said in