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Alibaba to raise USD 20 bln in Hong Kong listing in H2 - report

Tuesday 28 May 2019 | 09:11 CET | News
Alibaba plans to raise USD 20 billion via a second listing in Hong Kong. Alibaba previously raised USD 25 billion in its first listing in New York in 2014, in the world's largest initial public offering. Alibaba is working with financial advisers on the planned offering, Bloomberg reports, citing unnamed people with knowledge of the matter. According to the same sources, Alibaba would file a listing application in Hong Kong confidentially in the second half of this year.

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Categories: Internet
Companies: Alibaba
Countries: Hong Kong / World
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