Alibaba’s secondary listing comes after months of protests and civil unrest that have weighed on Hong Kong’s economy and caused some companies to delay their listings this year. Photo: EPA-EFE

Banks, investors hoard cash in anticipation of Alibaba’s ‘giant’ listing, push up interbank lending rate

  • One-week Hibor rose 63 basis points on Monday to 1.92 per cent, topped 2.57 per cent on Wednesday
  • The measurement of bank funding costs has not topped 2 per cent since Budweiser Brewing’s IPO in September
Topic |   Alibaba

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Alibaba’s secondary listing comes after months of protests and civil unrest that have weighed on Hong Kong’s economy and caused some companies to delay their listings this year. Photo: EPA-EFE
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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

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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