Alibaba Group Plans To Conduct $20B Hong Kong Listing Once Again
A U.S.-China trade war has been in the public eye for quite a long time. Along with escalating tensions, Alibaba Group decided to protect itself and all the subsidiaries it has. According to some sources, the Chinese e-commerce giant is thinking of pursuing Hong Kong listing to raise $20 billion. Read more: In September 2014, Alibaba listed on the New York Stock Exchange, it is considered to be the largest IPO in history as the company managed to raise about $25 billion. The sum is bigger than Facebook, Google, Twitter’s IPOs altogether. The sources also stated that the tech giant wants to bolster liquidity and unlock multiple funding streams that is why the company chose this road. It still is not confirmed that Alibaba will definitely do this, nevertheless, Alibaba has already started to seek the advice of financial analysists regarding the listing. Alibaba Group is the largest company in China having a market cap of more than $400 million. We remind you: Subscribe to The Coin Shark news in Facebook: