News Formal

Alibaba plans second listing in Hong Kong to raise $20B – reports

  • 📰 trtworld
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

E-commerce giant Alibaba considers raising $20 billion via a second listing in Hong Kong to diversify its funding channels and boost liquidity – sources

File Photo: A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019.

The e-commerce giant is working with financial advisers on the offering and is aiming to file an application in Hong Kong as early as the second half of 2019, said the sources, who are familiar with the matter but did not want to be named as the plans are not public yet. Hong Kong, Alibaba’s initial preference for its IPO, had refused to accept its governance structure, where a self-selecting group of senior managers control the majority of board appointments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 101. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Corporate clout on the line in Hong Kong fightFrom Washington to Wan Chai, executives are loudly protesting the city’s plan to allow extradition to mainland China. The business community often gets its way in the financial hub. Losing in this standoff would signify a turning point in Hong Kong for more reasons than one.
Source: Breakingviews - 🏆 470. / 51 Read more »