Alibaba Has Reportedly Filed Confidentially For A Hong Kong Listing

Published on 13 Jun 2019, 15:45
Alibaba, Amazon's largest competitor in China, has reportedly filed confidentially to list on the Hong Kong stock exchange.

The listing could reportedly raise as much as $20 billion, but the official amount hasn't been determined yet.

Alibaba's listing on the New York Stock Exchange in September 2014 raised a staggering $21.7 billion and still holds the lofty designation of the largest offering in US history.

Chinese companies like Alibaba have been wedged in between the trade war with the US and China.

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