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Alibaba Group is thinking about placement of stocks in Hong Kong

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Alibaba Group is thinking about placement of stocks in Hong Kong
May 27
13:00 2019

According to a reputable agency Bloomberg, a Chinese Alibaba Group is thinking about placement of its shares in Hong Kong. This way, the company expects to attract about $ 20 billion. In 2014, Alibaba Group has already conducted an IPO, which was a record.

According to Bloomberg, now Alibaba is actively consulting with financiers, finding out the possibilities of placement. It is likely that the company will apply in the second half of this year.

During the first initial public offering, the Chinese corporation managed to attract $ 25 billion. It was the largest placement in history. During the last year, the company’s shares fell by 22%.

According to sources, the second IPO will be held in order to distribute the sources of funding and increase the liquidity of the shares.

Sources from the Bloomberg agency stressed that the information leaked to the media was not definitive. In the future, the decision on the IPO may change.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

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