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.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
A recent survey by the Bank of America (BofA) indicates that COVID-19 is no longer the biggest risk among professional investors for the
2 months ago
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments