Alibaba Plans $20B Listing in Hong Kong to Boost Technology Investments: Sources

Bloomberg was the first to report the plan for a Hong Kong listing. (https://bloom.bg/2YRpEdi) Added Liquidity Since its U.S. listing, Alibaba has nearly doubled in size to become the largest-listed Chinese company with a market value of more than $400 billion. The company is also expanding into new...

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Bibliographic Details
Published in:Insurance Journal 2019-05
Main Authors: Kane, Wu, Chatterjee, Sumeet, Zhu, Julie
Format: Article
Language:English
Subjects:
International finance
Investments
Securities offerings
Son, Masayoshi
Zhang, Daniel
Online Access:Get full text
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Summary:Bloomberg was the first to report the plan for a Hong Kong listing. (https://bloom.bg/2YRpEdi) Added Liquidity Since its U.S. listing, Alibaba has nearly doubled in size to become the largest-listed Chinese company with a market value of more than $400 billion. The company is also expanding into new sectors including cloud computing division and Hema, its chain of brick-and-mortar supermarkets as growth in its core e-commerce business slows. Homecoming An Alibaba float would be seen in Hong Kong as a victory, after the city lost the tech giant's initial public offering to New York because its then rules precluded it accepting Alibaba's governance structure, where a self-selecting group of senior managers control the majority of board appointments.
ISSN:0020-4714