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.
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