Alibaba Planning Secondary Listing in Hong Kong? - Forex News by FX Leaders

Alibaba Planning Secondary Listing in Hong Kong?

Posted Tuesday, May 28, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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