Alibaba Said to Be Planning a Second Listing in Hong Kong to Raise $20 Billion

Technology

Alibaba is considering collecting $ 20 billion (about 1.400 thousand dollars) on a secondary list in Hong Kong with the affair Reuter said after a record $ 25 billion in New York for a second blockbuster deal. .

The transaction, which will provide Alibaba with the sixth largest share sale, continues to invest in technology – a priority for China as a growth flag and because the world’s second largest economy is facing growing commercial satellites. United States of America.

A huge e-commerce financial advisor to work on proposals and try to implement trust in Hong Kong in the second half of 2019, the three people provided that there was no publicity.

You have warned that many details are unclear, including the planned size. Someone with direct knowledge states that they are more likely to have between 10 and 15 billion dollars.

With $ 20 billion in Alibaba transactions, ranking behind HTT sales in 1987, valued at $ 36.8 billion and offering an era crisis of $ 24.4 billion and $ 22.5 billion from the Royal Bank of Scotland and The Lloyds Banking Group and $ 20.7 billion collected by US insurance company AIG in 2012 shows data.

A spokesman for Alibaba declined to comment.

Bloomberg is the first to report a planned secondary list.

Increase liquidity
After registering in the United States, Alibaba has the size of almost the largest Chinese company with a market value of more than 400 billion. Become a dollar.

The list of Hong Kong shares will provide investors, the continent is the first direct access to one of China’s biggest achievements through trade relations between exchanges between Hong Kong, Shanghai and Shenzhen.

This will also give companies additional liquidity bags and it might be better to assess whether household names will be a favorite among private investors in Hong Kong.

Rival Tencent, registered in Hong Kong, traded 26 times more than the expected income compared to 22 times Alibaba in New York, according to Refinitiv.

Alibaba’s revenue growth slowed compared to its peak in early 2017 because of the mature e-commerce industry in China.

Analysts say the company has begun to drain the potential user base of customers for e-commerce in major Chinese cities, which have created a barrier to sales.

In recent years, it has expanded to new fields, including sharing cloud computing and Hema, a brick and mortar market chain – both of which require high investment.

return
Hong Kong will see Alibaba as a winning swimmer, after the city lost the technology giant’s IPO in New York, because this is an opportunity to adopt the rules of Alibaba’s adoption governance structure, where a group of senior managers independently oversee most ship appointments.

Last year, Hong Kong changed its rules to facilitate “innovative companies” registered in New York or London, to conduct secondary filing in Hong Kong as part of a further distance from the regime into the city.

The new rules have allowed Greater China-based companies to list their initial flow to the city on December 15, 2017, even though their current structure violently contradicts Hong Kong’s first list rules.

Such companies can also submit registration in secret, as expected by Alibaba.

Early last year, when Hong Kong’s share to allow multiple classes, was preparation, said the founder of Alibaba Jack Ma company “seriously considering” registration on the stock market.

So far no Hong Kong company has applied for new gold entry requirements.

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