Alibaba Weighs Raising $20 Billion Through A Second Listing
- It’s said to be angling for Hong Kong sale in the second half
- The offering comes after the Hong Kong exchange relaxes rules
Alibaba Group Holding Ltd. is considering raising $20 billion via a second listing in Hong Kong after a record-breaking 2014 New York debut, people with knowledge of the matter said, a mega-deal that will bring China’s largest company closer to friendlier investors at home as U.S. tensions escalate.
The e-commerce giant is working with financial advisers on the planned offering, the people said, asking not to be identified because the information is private. Alibaba aims to file a listing application in Hong Kong confidentially as early as the second half of 2019, the people said. A second listing is intended to diversify its funding channels and boost liquidity, one of the people said. The plans are preliminary and could change, they added.