Alibaba: is the retail giant set to raise $20 billion through a secondary listing in Hong Kong?

Alibaba: is the retail giant set to raise $20 billion through a secondary listing in Hong Kong?

Alibaba is reportedly sat to raise $20 billion through a secondary listing in Hong Kong, a a move which follows a record-breaking debut in New York, as reported by Bloomberg.com.

The Chinese e-commerce behemoth is said to be in talks with financial advisors on the potential offering, which would be bigger than the initial public offerings of the likes of Uber, Lyft and Pinterest combined.

A source spoke to CNN to state that the company, “will not rule out an option on any listing.” According to the source a secondary share listing would also help the company diversity funding channels and add liquidity.

While Alibaba has declined to comment, it is thought the company would fie a listing application in Hong Kong as early as the second half of this year.

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