The campus at the Alibaba Group Holding Ltd. headquarters during the annual November 11 Singles' Day online shopping event in Hangzhou, China, on November 11, 2019. Photo: Bloomberg

Alibaba unveils Hong Kong secondary listing plan, in vote of confidence that pushes city back to top of global IPO ranking

  • Alibaba aims to sell 500 million new shares, with 2.5 per cent set aside for Hong Kong public, according plan in SEC filing
  • Asia’s most-valuable company to start a weeklong roadshow this week, with trading debut expected on November 26
Topic |   IPO

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The campus at the Alibaba Group Holding Ltd. headquarters during the annual November 11 Singles' Day online shopping event in Hangzhou, China, on November 11, 2019. Photo: Bloomberg
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A logo of Alibaba Group is seen during Alibaba Group's 11.11 Singles' Day global shopping festival at the company's headquarters in Hangzhou, Zhejiang province, China, November 11, 2019. Photo-REUTERS

Alibaba’s Hong Kong secondary listing gives Asia’s Taobao users a chance to own stakes in China’s biggest technology champion

  • Some analysts believe Alibaba’s stock remains undervalued despite nearly tripling since its 2014 IPO
  • Hong Kong hopes to attract more tech companies like Alibaba with listing rule changes
Topic |   IPO

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A logo of Alibaba Group is seen during Alibaba Group's 11.11 Singles' Day global shopping festival at the company's headquarters in Hangzhou, Zhejiang province, China, November 11, 2019. Photo-REUTERS
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