Equities

Reuters Exclusive: Boon for Hong Kong as Alibaba plans $15 billion listing in late November

Reuters Exclusive: Boon for Hong Kong as Alibaba plans $15 billion listing in late November

Chinese retail titan Alibaba plans to list in Hong Kong in the final week of November, Reuters reported exclusively, aiming to raise up to $15 billion in a deal that signals a vote of confidence in the Asian financial hub. Alibaba had initially been working on an August listing in Hong Kong but put the deal on hold as anti-government protests left the city mired in financial and political uncertainty. Now, Alibaba’s bookbuilding and listing is due to take place in the week beginning Nov. 25, two sources with direct knowledge of the deal told Reuters.