For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Alibaba Files For Listing On Hong Kong Exchange

|

As per a source familiar with the development, Alibaba, the leading Chinese e-commerce giant has filed confidentially for Hong Kong listing. The listing will happen as soon as the third-quarter of the current year. Bloomberg was the first to report about the company's filing action.

Alibaba Files For Listing On Hong Kong Exchange
 

The sources last month said that through the planned listing, the company could aim at mopping $20 billion, making it the second largest deal after the company raised a record $25 billion in New York in 2014.

Chinese investment bank CICC and Swiss-based Credit Suisse are the managers to the deal.

The deal would mark the biggest follow on share sale worldwide in 7 years time. And would provide Jack-Ma backed company with the fund for technology advancement and investment.

GoodReturns.in

Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more