France's Casino hired Morgan Stanley & Co and JPMorgan Chase & Co to list its global e-commerce platform spanning from Brazil to Thailand, a person familiar with the matter said late on Tuesday, as the group confronts competition from U.S. giant Amazon Inc and Chinese rival Alibaba (IPO-ALIB.N).Casino's Brazilian subsidiary, GPA, said in a securities filing that the group was preparing to combine its online units for a potential listing in the United States. According to the source, who has direct knowledge of the plans, the preference is for an IPO on the Nasdaq stock exchange.The deal would bring new firepower to an e-commerce player with more than $4 billion in annual sales in France, Brazil, Colombia, Thailand and Vietnam at a time when major rivals are expanding their global reach.Amazon arrived in Brazil earlier this year with its Kindle e-reader, and eBay Inc is launching a site in Portuguese this week for Brazilian consumers.
eBay Inc., is a global technology company. The Company enables commerce through three reportable segments: Marketplaces, Payments, and GSI. Shares of EBAY fell by 2.02% or $-1.05/share to $50.95. In the past year, the shares have traded as low as $48.06 and as high as $59.70. On average, 11379400 shares of EBAY exchange hands on a given day and today's volume is recorded at 14641652.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM fell by 1.62% or $-0.88/share to $53.34. In the past year, the shares have traded as low as $48.61 and as high as $61.48. On average, 19161800 shares of JPM exchange hands on a given day and today's volume is recorded at 25327416.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 2.03% or $-0.61/share to $29.46. In the past year, the shares have traded as low as $23.06 and as high as $33.52. On average, 12742600 shares of MS exchange hands on a given day and today's volume is recorded at 16285597.
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