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Home / Business / Alibaba Plans $ 20B Hong Kong Listing – Alibaba Group Holding Limited (NYSE: BABA)

Alibaba Plans $ 20B Hong Kong Listing – Alibaba Group Holding Limited (NYSE: BABA)



Alibaba (NYSE: BABA) is reportedly considering raising as much as $ 20B through a listing in Hong Kong, giving another split deal after its record $ 25B in New York.

The following part sales will give Alibaba extra capital to fund its new initiatives, such as cloud computing and Hema supermarkets, and comes as founder Jack Ma is preparing to go down as a leader in September.

A Hong Kong listing will also give mainland investors their first direct access to one of China's biggest success stories via the Hong Kong, Shanghai and Shenzhen warehouse link.

BABA + 0.7% premarket

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