Bloomberg news have reported that US -listed, Chinese e-commerce leader, Alibaba Group is exploring a potential second listing in Hong Kong, as early as the second half of 2019, that could raise $20 billion as Beijing seeks to encourage its tech titans to list closer to home. This listing is intended to help Alibaba “diversify funding channels and boost liquidity.”
In 2014, Ali Baba’s listing in New York raised $25bn in the world’s largest initial public offering. An Alibaba spokesperson declined to comment, saying the company does not respond to “market rumours”.
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