EXCLUSIVE: Alibaba planning launch of $15 billion Hong Kong listing for last week of November - sources by murdochsj
FILE PHOTO: The logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China July 20, 2018. REUTERS/Aly Song
The U.S.-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. Alibaba has appointed China International Capital Corp and Credit Suisse to work on the deal and is likely to hire several more investment banks as early as next week to push ahead with a listing.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China and France sign deals worth $15 billion during Macron's visitChina and France signed contracts totaling $15 billion during a visit by Preside...
Read more »
WSJ News Exclusive | China Reboots Plan to Attract Tech IPOsChina is making a fresh attempt to attract technology listings, after previous plans to connect overseas-traded behemoths including Alibaba Group with mainland investors fizzled.
Read more »
From Kim Kardashian to Disney tickets: Alibaba gears up for Singles Day, a $30 billion shopping eventAlibaba is expected to hit gross merchandising value — or the value of goods sold via its platforms — of around $37 billion, more than the roughly $30 billion it hit in 2018.
Read more »
The US has Apple — Saudi Arabia will have Aramco, JP Morgan saysSaudi Aramco announced plans to go public on Sunday, with the oil giant poised to determine its final launch price over the coming weeks.
Read more »
Alibaba founder Jack Ma tops Forbes China Rich List for second year runningDespite the U.S.-China trade war and slowing growth in the world's second largest economy, the total wealth of the 400 members on the 2019 Forbes China Rich List rose by more than 20% from a year ago.
Read more »
AMS launches new Osram bid, courts investors with concessionsAMS launched a renewed $5 billion takeover bid for Osram on Thursday, hoping its...
Read more »