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Alibaba to Pick CICC, Credit Suisee to Lead Hong Kong Listing

June 12, 2019 11:12 am

Beijing (PingWest)- Chinese e-commerce giant Alibaba Group, said it has picked China International Capital Corp, and Credit Suisse Group AG to lead a planned second listing in Hong Kong Stock Exchange, according to Bloomberg report cited people closed to the matter.

The second listing, which could raise as much as USD20billion, comes 5 years after Alibaba raised a record USD25 billion on the New York Stock Exchange in 2014.