Alibaba Could Resume Hong Kong Listing Ambitions as Early as November
Chinese internet giant Alibaba could complete its long-awaited listing in Hong Kong as soon as this month following delays caused by local political turmoil.
Alibaba, which is already listed in New York, had originally hoped to launch its Hong Kong listing in August, yet these plans were thwarted by widespread anti-government protests in the Chinese special territory.
Inside sources said to Reuters that the online giant is now eyeing a listing as early as late November or early December just after the 11 November e-commerce holiday in China, following a pick up in IPO activity in September.
The company reportedly hopes to raise USD$10 – 15 billion via the Hong Kong listing, which could potentially make it the largest equity deal this year, particularly if Saudi Aramco’s project $20 billion IPO is delayed until next year.
Alibaba IPO in New York in September 2014 was the largest in history, raising around $25 billion.