China's Alibaba plans to launch $15-bn Hong Kong listing by Nov-end

Topics Alibaba | Alibaba Group

Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion (£7.8 billion to £11.

7 billion) in the final week of November, two people with direct knowledge of the matter told Reuters. The US-listed Chinese e-commerce giant is due to seek approval from Hong Kong's listing committee on Thursday, the people said, for a deal that Dealogic data showed will be the world's biggest-ever cross-border secondary listing. The people declined to be identified due to the sensitivity.....

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