Alibaba Weighs Raising $20 Billion Through A Second Listing

Alibaba aims to file a listing application in Hong Kong confidentially as early as the second half of 2019, the people said. A Hong Kong offering may have the benefit of tightening Alibaba’s ties with Beijing, in addition to the money raised. A successful deal will rival AIA Group Ltd.’s 2010 IPO as Hong Kong’s largest-ever share sale, a triumph for a city that’s ceded many of China’s largest corporations to U.S. exchanges.

from Yahoo News - Latest News & Headlines https://yhoo.it/2QpdSUc