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Alibaba Weighs Raising $20 Billion Through A Second Listing

  • It’s said to be angling for Hong Kong sale in the second half
  • The offering comes after the Hong Kong exchange relaxes rules
Bloomberg business news
Alibaba Is Said to Consider Raising $20 Billion Via Second Listing
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Alibaba Group Holding Ltd. is considering raising $20 billion via a second listing in Hong Kong after a record-breaking 2014 New York debut, people with knowledge of the matter said, a mega-deal that will bring China’s largest company closer to friendlier investors at home as U.S. tensions escalate.

The e-commerce giant is working with financial advisers on the planned offering, the people said, asking not to be identified because the information is private. Alibaba aims to file a listing application in Hong Kong confidentially as early as the second half of 2019, the people said. A second listing is intended to diversify its funding channels and boost liquidity, one of the people said. The plans are preliminary and could change, they added.