Alibaba Planning Secondary Listing in Hong Kong?

Chinese e-commerce giant Alibaba is planning a second listing in Hong Kong to raise up to $20 billion.

Alibaba crashed 10% lower today

According to reports on Reuters, Chinese e-commerce giant Alibaba is planning a second listing in Hong Kong to raise up to $20 billion. This would be a secondary listing after it went public in New York in 2014, raising $25 billion.

The deal would help the company raise capital for investing in technological innovations even as the US-China trade war remains ongoing. Alibaba could file an application for a listing in Hong Kong as soon as H2 2019, according to sources.

Although, no official statement from Alibaba regarding this news has been forthcoming yet.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

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