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Alibaba to raise $20 billion through second listing in Hong Kong: sources

A second listing will give Alibaba the war chest it needs to keep investing in technology

Reuters  |  Hong Kong 

Alibaba Group is considering raising as much as $20 billion through a second listing and has picked Hong Kong as the venue, three sources told Reuters, in another blockbuster deal after its record $25 billion public float in New York in 2014. A second listing will give Alibaba the war chest it needs to keep investing in technology as growth in China flags and the world's No.2 economy pushes to strengthen its tech industry amid an escalating trade spat with the United States. The e-commerce giant is working with financial advisers on the offering and is aiming to file an ...

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First Published: Tue, May 28 2019. 08:58 IST
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