Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November ...
) is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest in the Asian financial hub put the move on ice earlier this year, people familiar with the matter said on Wednesday.
The company expects to be in a position to forgo so-called pre-marketing meetings where it meets with institutional investors before a deal launch given its size and that many investors are already familiar with the company, the sources added. It is hoping to raise between $10 billion and $15 billion through the listing, Reuters has reported.
At that time, the company had initially hoped to float in Hong Kong but the tech firm’s management structure clashed with the city’s listing rules. Hong Kong Exchanges & Clearing changed its listing rules last year, primarily with the aim of attracting Chinese tech groups.
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