Alibaba Postpones its Hong Kong Listing Amid Escalating Protests - Forex News by FX Leaders
Alibaba delays Hong Kong listing

Alibaba Postpones its Hong Kong Listing Amid Escalating Protests

Posted Wednesday, August 21, 2019 by
Arslan Butt • 1 min read

According to a report on Reuters, Alibaba has put off its plans for the $15 billion listing on Hong Kong’s stock market over escalating protests and uncertainty in the region. Anonymous sources hinted that Alibaba’s Hong Kong secondary listing could be delayed from around the end of this month until October, which will help the company raise $10-15 billion capital.

Pro-democracy protests have been raging on in Hong Kong since the past 11 weeks and have recently started turning violent as well. In recent days, the city has seen the use of tear gas by the police and the arrest of over 700 protesters.

Amid this highly volatile political situation, Alibaba decided during a board meeting to postpone its Hong Kong listing. A Hong Kong IPO would give the company greater visibility globally, in addition to helping it raise more capital. There have been no official comments from Alibaba so far on this development.

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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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