Close

Alibaba Planning Launch of $15 Billion HK Listing for Last Week of November: Reuters

November 8, 2019 6:10 pm

Alibaba Group Holding Ltd (BABA.N) plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, two people with direct knowledge of the matter told Reuters.

The U.S.-listed Chinese e-commerce giant is due to seek approval from Hong Kong’s listing committee on Thursday, the people said, for a deal that Dealogic data showed will be the world’s biggest-ever cross-border secondary listing.

Source: Reuters