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Alibaba To Raise $13.4 Billion in Hong Kong Second Listing

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Coresight Research

Key Points

Chinese e-commerce services company Alibaba Group has filed for a second listing in Hong Kong.

  • Following the Double 11 Global Shopping Festival, Alibaba made headlines again in the same week with its secondary listing in Hong Kong, to raise $13.4 billion.
  • Amid turmoil in Hong Kong, Alibaba’s listing was a vote of confidence in the region as an international finance center and fundraising opportunity.
  • The company’s listing will fund its business expansion plans and investment in technology. The listing is possibly a move to avoid sanctions from US regulators, and it taps into a substantial new capital pool in Asia, building an around-the-clock trading market for global investors.
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