Alibaba Gearing Up To Raise $15 Billion In Hong Kong Share Sale This Month: Reports - News Summed Up

Alibaba Gearing Up To Raise $15 Billion In Hong Kong Share Sale This Month: Reports


SOPA Images/LightRocket via Getty ImagesTopline: Alibaba is gearing up for a share offering in Hong Kong later this month as it looks to raise up to $15 billion in a secondary listing. The move would be a boost for the financial hub rocked by months of unrest that have tipped it into recession. Key background: Alibaba has been planning its listing in Hong Kong for months, but pulled back in August amid unrelenting protests. Additional fact: The listing would come after Singles Day on November 11, Alibaba’s biggest trading day and mainland China’s biggest shopping day. His death, the first student death linked with the pro-democracy demonstrations, sparked vigils and fresh protests in Hong Kong.


Source: Forbes November 08, 2019 11:51 UTC



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