Alibaba revives IPO plan, likely to list after 11.11 say sources
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Alibaba is resuming plans to list on the Hong Kong exchange in a move expected to raise US$10–15 billion.
Earlier listing plans scheduled for August were put on hold during the recent political unrest in the territory. The firm may now seek a listing as early as this month, with official filings seeking approval for the listing set to occur following its 11-11 shopping event.
Alibaba held the largest IPO in history in 2014 on the New York exchange, raising $25 billion. It currently has a market capitalisation of about $460 billion.
Positive development in its e-commerce and cloud businesses saw the firm return better-than-expected profits in the last financial quarter.
Questions & Answers
Q.Why did Alibaba put its earlier Hong Kong listing plans on hold?
Why did Alibaba put its earlier Hong Kong listing plans on hold?
Earlier listing plans for August were paused due to the recent political unrest in the territory. The company has now resumed its intention to list, potentially as early as this month.
Q.When might Alibaba officially file for approval for its Hong Kong listing?
When might Alibaba officially file for approval for its Hong Kong listing?
Official filings seeking approval for the listing are expected to occur after its 11-11 shopping event. The company may now seek a listing as early as this month.
Q.What is the estimated amount Alibaba expects to raise from its Hong Kong IPO?
What is the estimated amount Alibaba expects to raise from its Hong Kong IPO?
Alibaba's revived plan to list on the Hong Kong exchange is expected to raise between US$10 billion and US$15 billion. This move comes after an earlier listing was put on hold.
Q.Which business areas contributed to Alibaba's better-than-expected profits recently?
Which business areas contributed to Alibaba's better-than-expected profits recently?
Positive developments in Alibaba's e-commerce and cloud businesses helped the firm achieve better-than-expected profits in the last financial quarter. This performance follows its 2014 New York IPO.
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