Chinese e-commerce giant Alibaba is set to price its first share sale in Hong Kong next week, raising up to $13.4 billion in what will be the largest deal in the city since 2010 and the world's biggest ever cross-border secondary listing.
WHY IS ALIBABA LISTING IN HONG KONG?
Analysts say establishing a base outside the United States gives the U.S.
-listed company options, especially in the light of the U.S.-China trade dispute.
It is an "escape valve listing", said Travis Lundy, an analyst at Quiddity Advisors.