EXCLUSIVE: Alibaba planning launch of $15 billion Hong Kong listing for last week of November - sources via murdochsj
) plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests.
The e-commerce giant’s Hong Kong listing would also set up a year-end rush for global equity markets, with the Saudi government planning to sell 2 per cent of oil giant Aramco in a deal that could raise up to $30 billion and topple Alibaba’s own IPO record.Alibaba had initially been working on an August listing in Hong Kong but put the deal on hold as anti-government protests in the city created financial and political uncertainty.
Alibaba last week reported second-quarter revenue increased by 40%, to 119.02 billion yuan in the second quarter from 85.15 billion yuan in the previous year earlier.
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