Alibaba Group geared for blockbuster $13.4-billion listing in Hong Kong


Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to $13.4 billion as soon as Thursday, according to two sources with knowledge of the discussions. The deal - which would be the world's biggest cross-border secondary listing - will be seen as a boost for Hong Kong, which has sunk into its first recession in a decade as more than five months of street protests and worries about the U.

S.-China trade war took their toll. While Alibaba executives are preparing for a Thursday launch,.

This article is no longer available in our repository.

There could be multiple reasons for this.