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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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.