This archive report was first published on 11 November 2019.
On November 25, 2019, Alibaba, the Chinese e-commerce conglomerate, will begin the listing process on the Hong Kong Stock Exchange, seeking to raise approximately $15 billion.
This move marks a significant vote of confidence in the Asian financial hub, with Alibaba's listing expected to be the world's biggest cross-border secondary listing.
Alibaba's decision to list in Hong Kong comes after the company dropped plans for a primary listing in the city in 2013.
Notably, Alibaba's 2014 listing on the New York Stock Exchange was the biggest in US IPO history, raising approximately $25 billion.
