Alibaba Hong Kong shares set to bring in $12.9 billion in secondary listing
5 years, 1 month ago

Alibaba Hong Kong shares set to bring in $12.9 billion in secondary listing

CNN  

Hong Kong CNN Business — Alibaba put a price on its highly anticipated Hong Kong stock market debut on Wednesday, the world’s biggest share sale of the year so far. The price falls short of the 188 Hong Kong dollars Alibaba had set as a ceiling last week, but the transaction will still raise about $12.9 billion for the company, assuming its bankers exercise an option to buy some additional shares over the next month. In the secondary listing, eight Hong Kong shares will be equal to one of Alibaba’s New York-listed shares, the company said in a US regulatory filing last week. The listing surpasses AB InBev’s roughly $5 billion IPO of its Asia business in Hong Kong earlier this year as well as Uber’s $8.1 billion debut in New York.

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History of this topic

Hong Kong Counts on China-Traded Firms to Boost 2025 Listings
4 weeks ago

Hong Kong Counts on China-Traded Firms to Boost 2025 Listings

Live Mint  

Hong Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building on a pickup in recent months. Such listings could help lift Hong Kong’s initial public offering volumes to about $15 billion in 2025, according to a forecast by KPMG LLP, compared to $10.5 billion so far this year. “We expect Hong Kong …

HK's IPO market to keep top 5 ranking in 2025
1 month ago

HK's IPO market to keep top 5 ranking in 2025

China Daily  

By WU MENGLEI in Hong Kong | China Daily | Updated: 2024-12-12 09:05 International accounting firm KPMG foresees improved investor confidence in Hong Kong's IPO market and expects it to maintain its position among the global top five in 2025, as its financial funding sector shows robust resilience. As of Dec 8, the Hong Kong stock exchange ranked 4th in …

Hong Kong Takes Top Spot as Leading Global IPO Venue
2 months, 4 weeks ago

Hong Kong Takes Top Spot as Leading Global IPO Venue

China Daily  

Hong Kong reclaims its position as leading global IPO venue, ranking fourth in a seasonal review by global accounting firm KPMG. The city's largest IPO since 2022 was the listing of Midea Group, which raised more than HK$30 billion ($3.86 billion). The Macao Special Administrative Region drew nearly 1 million visitors during National Day Golden Week, with the majority from …

Hong Kong Regains Top Spot as Leading Global IPO Venue
2 months, 4 weeks ago

Hong Kong Regains Top Spot as Leading Global IPO Venue

China Daily  

Hong Kong reclaims its position as leading global IPO venue, ranking fourth in a seasonal review by global accounting firm KPMG. The city's largest IPO since 2022 was the listing of Midea Group, which raised more than HK$30 billion ($3.86 billion). The Macao Special Administrative Region drew nearly 1 million visitors during National Day Golden Week, with the peak coming …

Alibaba eyes windfall gains from HK move
4 months, 2 weeks ago

Alibaba eyes windfall gains from HK move

China Daily  

Tech heavyweight Alibaba Group Holding Ltd said on Friday its voluntary conversion of secondary listing to primary listing on the Hong Kong stock exchange will become effective on Wednesday, a move experts said will attract billions of dollars in investment from the Chinese mainland via the stock connect program linking the Shanghai, Shenzhen and Hong Kong bourses. "The dual primary …

Alibaba eyes windfall gains from HK move
4 months, 2 weeks ago

Alibaba eyes windfall gains from HK move

China Daily  

Tech heavyweight Alibaba Group Holding Ltd said on Friday its voluntary conversion of secondary listing to primary listing on the Hong Kong stock exchange will become effective on Wednesday, a move experts said will attract billions of dollars in investment from the Chinese mainland via the stock connect program linking the Shanghai, Shenzhen and Hong Kong bourses. "The dual primary …

Alibaba eyes windfall gains from HK move
4 months, 3 weeks ago

Alibaba eyes windfall gains from HK move

China Daily  

Tech heavyweight Alibaba Group Holding Ltd said on Friday its voluntary conversion of secondary listing to primary listing on the Hong Kong stock exchange will become effective on Wednesday, a move experts said will attract billions of dollars in investment from the Chinese mainland via the stock connect program linking the Shanghai, Shenzhen and Hong Kong bourses. "The dual primary …

Alibaba’s profit in Q4 tumbles due to equity investments, New York-listed stock plunges
8 months ago

Alibaba’s profit in Q4 tumbles due to equity investments, New York-listed stock plunges

Associated Press  

HONG KONG — Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York. Its net income for the quarter ended March was 3.3 billion yuan, down 86% compared to the same time last year and missing analyst estimates. Revenue …

Chinese shares jump as Beijing steps up moves to boost sagging markets
11 months, 1 week ago

Chinese shares jump as Beijing steps up moves to boost sagging markets

Associated Press  

BANGKOK — A Chinese state investment fund promised to expand its purchases of stock index funds, among other moves signaling Beijing’s resolve to stabilize markets that have been sagging under heavy selling pressure from a property crisis and slowing economy. Shares in Shanghai and Hong Kong surged Tuesday after the announcement by Central Huijin Investment, whose subsidiaries include Chinese state-owned …

Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit
1 year, 1 month ago

Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit

Associated Press  

HONG KONG — Shares of Chinese e-commerce firm Alibaba Group Holding plunged as much as 10% in New York after it said Thursday that plans to spin off its cloud business were scrapped, citing uncertainties due to U.S. chip restrictions. Alibaba Chairman Joe Tsai said Thursday during an earnings call that a spinoff of its cloud unit “may not achieve …

For Alibaba, Six Is Bigger Than One—And a Smaller Target
1 year, 9 months ago

For Alibaba, Six Is Bigger Than One—And a Smaller Target

Live Mint  

Six is bigger than one. The core Chinese e-commerce business will stay wholly owned by Alibaba but each of the other units could seek their own funding, and maybe eventually conduct initial public offerings. Analysts from Goldman Sachs and Morgan Stanley have both said the market is currently valuing Alibaba’s businesses outside its core Chinese e-commerce segment at zero. Alibaba’s …

Chinese regulators approve capital expansion for Ant Group
2 years ago

Chinese regulators approve capital expansion for Ant Group

Associated Press  

HONG KONG — Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure. The China Banking and Insurance Regulatory Commission in the southwestern city of Chongqing said in …

Alibaba posts loss, slower revenue amid lower consumption
2 years, 1 month ago

Alibaba posts loss, slower revenue amid lower consumption

Associated Press  

HONG KONG — Chinese e-commerce company Alibaba Group on Thursday posted net losses and missed market expectations for revenue in its quarter ended September amid a slowing economy and depressed consumer sentiment. Revenue grew 3% compared to the same time last year to 207.2 billion yuan, as the company saw decreased consumer spending as China continued its strict COVID-19 policies …

Alibaba revenue beats expectations despite contraction
2 years, 5 months ago

Alibaba revenue beats expectations despite contraction

Associated Press  

HONG KONG — Chinese e-commerce firm Alibaba Group Holding on Thursday beat market expectations for revenue in its quarter ended June, even as revenue was nearly flat and its net income plunged 50%. Alibaba reported revenues of 205.6 billion for its quarter ended June, down 0.1% from the same period last year but still better than the average analyst estimate …

Alibaba vows to work for dual-listing
2 years, 5 months ago

Alibaba vows to work for dual-listing

China Daily  

Alibaba Group's booth during an expo in Fuzhou, Fujian province. Alibaba Group Holding Ltd said on Monday it will work to maintain its listing status on both the New York Stock Exchange and the Hong Kong stock exchange after the US securities regulator added the tech heavyweight to a list of Chinese mainland companies that face possible delisting. More US-listed …

Alibaba seeks dual primary listing in Hong Kong stock market
2 years, 5 months ago

Alibaba seeks dual primary listing in Hong Kong stock market

China Daily  

A pedestrian walks past the headquarters of Alibaba in Beijing. KUANG DA/FOR CHINA DAILY Alibaba Group Holding Ltd said on Tuesday it will apply for a primary listing in Hong Kong, a move industry experts said will allow Chinese mainland investors to trade in the tech giant's shares via the stock connect mechanism linking the Shanghai, Shenzhen and Hong Kong …

Alibaba to seek primary listing in Hong Kong, adding to its New York Stock Exchange listing
2 years, 5 months ago

Alibaba to seek primary listing in Hong Kong, adding to its New York Stock Exchange listing

The Hindu  

Alibaba, China’s biggest e-commerce company, said Tuesday that it would apply for a primary listing in Hong Kong. The listing is expected to be completed by the end of 2022, which would make Alibaba a dual-primary listed company on the New York Stock Exchange and the Hong Kong Stock Exchange. CEO Daniel Zhang said Alibaba was pursuing another primary listing …

U.S. IPO market a danger zone for Chinese firms after Beijing crackdown
3 years, 6 months ago

U.S. IPO market a danger zone for Chinese firms after Beijing crackdown

The Hindu  

China's stepped-up scrutiny of overseas listings by its companies and a clampdown on ride-hailing giant Didi Global Inc soon after its debut in New York have darkened the outlook for listings in the United States, bankers and investors said. The broader regulatory clampdown and Didi's listing dust up drove the S&P/BNY Mellon China Select ADR Index, which tracks the American …

Kuaishou stock pops 160% in Hong Kong IPO
3 years, 11 months ago

Kuaishou stock pops 160% in Hong Kong IPO

CNN  

Hong Kong CNN Business — Kuaishou’s stock skyrocketed in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic began. If the company exercises an over-allotment option, the total raised could hit 47 billion Hong Kong dollars. It’s the world’s biggest tech listing since Uber’s IPO in May 2019, and the largest public offering …

Massive first day IPO gains evoke ’bubble’ risk
4 years ago

Massive first day IPO gains evoke ’bubble’ risk

Live Mint  

Massive gains posted by companies at their trading debut in regional stock markets in Asia this year are raising the spectre of a bubble, bankers and brokers said. The huge price pops have taken place across regional stock markets, including in Hong Kong, China, and India, prompting concerns that a "bubble" could be emerging. In Hong Kong, the valuation of …

China halts Jack Ma’s world’s largest IPO by suspending his Ant Group's listing
4 years, 2 months ago

China halts Jack Ma’s world’s largest IPO by suspending his Ant Group's listing

India TV News  

Jack Ma, founder of China’s e-commerce giant Alibaba suffered a major setback on Tuesday as Shanghai and Hong Kong Stock Exchanges suspended dual listing of the shares of his world's biggest initial public offer of USD 39.7 billion of the group's subsidiary - the Ant Group, 48 hours before the highly-anticipated trading was due to start. The Shanghai Stock Exchange …

Ant Group’s $37-bn IPO suspended in Shanghai and Hong Kong
4 years, 2 months ago

Ant Group’s $37-bn IPO suspended in Shanghai and Hong Kong

Live Mint  

Ant Group's $37 billion listing has been suspended in both Shanghai and Hong Kong in a dramatic move just two days before what was set to be the world's largest-ever stock market debut. The Shanghai stock exchange first announced that it had suspended Ant's initial public offering on its STAR market, prompting Ant to also freeze the Hong Kong leg …

Shanghai could be the world’s biggest IPO market this year. But holding that title will be tough
4 years, 2 months ago

Shanghai could be the world’s biggest IPO market this year. But holding that title will be tough

CNN  

Hong Kong CNN Business — Shanghai is on track to steal the global IPO crown this year, bolstering a drive by Beijing to reduce its reliance on foreign financial markets and giving China a powerful one-two fundraising punch with regional powerhouse Hong Kong. Stock exchanges in Greater China — including Hong Kong, Shanghai and Shenzhen — have raised a combined …

Ant Group IPO gets the green light from regulators for its blockbuster listing
4 years, 2 months ago

Ant Group IPO gets the green light from regulators for its blockbuster listing

CNN  

Hong Kong CNN Business — Ant Group — the crown jewel of billionaire Jack Ma’s tech empire — is one step closer to its highly anticipated market debut. China’s securities regulator said Wednesday that Ant has received the green light for its Shanghai public offering, and has now cleared all regulatory hurdled for a dual-listing that is expected to rake …

Ant plans $17.5 billion Hong Kong IPO, no cornerstone investors
4 years, 3 months ago

Ant plans $17.5 billion Hong Kong IPO, no cornerstone investors

Live Mint  

Jack Ma’s Ant Group Co. is aiming to raise $17.5 billion in its Hong Kong share sale and won’t seek to lock in cornerstone investors, confident there will be plenty of demand for one of the largest equity deals in the financial hub, according to people familiar with the matter. The fintech giant has assessed investor interest, betting it can …

Hong Kong’s stock market sees its future in Chinese tech
4 years, 5 months ago

Hong Kong’s stock market sees its future in Chinese tech

CNN  

Hong Kong CNN Business — Hong Kong is launching a new Nasdaq-like technology index. Hang Seng Indexes, the city’s leading index compiler, on Monday announced the creation of a new benchmark that will track the 30 largest tech firms that trade in Hong Kong. “We hope the move will help attract more tech companies to list in Hong Kong.” The …

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources
4 years, 6 months ago

Alibaba’s Ant plans Hong Kong IPO, targets valuation over $200 billion, sources

Live Mint  

Ant Group, the fintech arm of Chinese e-commerce giant Alibaba, plans a Hong Kong float as soon as this year and targets a valuation of more than $200 billion, said two sources with knowledge of the matter. The world's most valuable tech "unicorn" had been looking to sell shares in Hong Kong and mainland China simultaneously, but is now leaning …

Saudi Aramco’s $25.6 billion IPO is the biggest in history
5 years, 1 month ago

Saudi Aramco’s $25.6 billion IPO is the biggest in history

CNN  

London/Vienna CNN Business — Saudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly. Saudi Aramco sold 3 billion shares at 32 riyals each in its IPO, the company said Thursday. Saudi Aramco said last month that it was aiming to sell about 1.5% of …

Alibaba stock comes out with a bang in Hong Kong debut – Asian market latest
5 years, 1 month ago

Alibaba stock comes out with a bang in Hong Kong debut – Asian market latest

CNN  

Hong Kong CNN Business — Alibaba’s stock popped nearly 7% in its Hong Kong debut — a strong showing for one of China’s most prominent tech companies. On Tuesday, 14 billion Hong Kong dollars worth of Alibaba shares changed hands on the Hong Kong exchange, helping boost overall turnover. The company chose to conduct its IPO in New York instead …

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks
5 years, 1 month ago

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks

Live Mint  

A late-year rush of giant global share sales led by Alibaba's $13 billion Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities bankers. Filings on Thursday revealed 17 banks will split up to $32.3 million for Alibaba Group's Hong Kong deal, which will raise up to $12.9 billion for the …

Alibaba listing: Company finds strong demand for Hong Kong shares despite turmoil in the city
5 years, 1 month ago

Alibaba listing: Company finds strong demand for Hong Kong shares despite turmoil in the city

CNN  

Hong Kong CNN Business — Investors are falling over themselves to buy into Alibaba’s debut on the Hong Kong stock market. The Hong Kong listing was “multiple times subscribed,” the person said, adding that the final price retail investors will pay for the Hong Kong listing will be based on Alibaba’s closing price Tuesday in New York, where its shares …

Alibaba’s Hong Kong listing is about pleasing China and buying trade war insurance
5 years, 2 months ago

Alibaba’s Hong Kong listing is about pleasing China and buying trade war insurance

CNN  

Hong Kong CNN Business — Alibaba’s plan to raise billions of dollars by selling shares on the Hong Kong stock market will be one of the largest public offerings in the world this year. “Alibaba hardly lacks access to capital,” said Brock Silvers, managing director for Adamas Asset Management in Hong Kong. “We hope we can contribute, in our small …

Protests are rattling Hong Kong. But companies haven’t abandoned the city yet
5 years, 2 months ago

Protests are rattling Hong Kong. But companies haven’t abandoned the city yet

CNN  

Hong Kong CNN Business — The political unrest in Asia’s premiere financial hubhas taken adark, violent turn this week. The latter could lift the Hong Kong exchange above the New York Stock Exchange and the Nasdaq as this year’s largest venuefor public offerings. “I don’t see its standing as a financial center shaken.” A growing market Despite the rise of …

Alibaba wants to raise $13.4 billion in Hong Kong listing
5 years, 2 months ago

Alibaba wants to raise $13.4 billion in Hong Kong listing

CNN  

London CNN Business — Chinese e-commerce giant Alibaba has announced plans to raise up to $13.4 billion by issuing shares in Hong Kong, a vote of confidence in the Asian financial hub that has been rocked by months of civil unrest. Alibaba will price 500 million new shares on or around November 20, with trading starting in Hong Kong roughly …

Alibaba’s possible $15bn fall listing: A boon for Hong Kong?
5 years, 2 months ago

Alibaba’s possible $15bn fall listing: A boon for Hong Kong?

Al Jazeera  

The e-commerce giant’s listing could boost the Asian financial hub as it struggles with anti-government protests. Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10bn to $15bn in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests. The United States-listed Chinese e-commerce …

Alibaba eyes November window for $10 bn IPO
5 years, 2 months ago

Alibaba eyes November window for $10 bn IPO

Live Mint  

Alibaba Group Holding Ltd is deciding between launching a sharply reduced $10 billion Hong Kong share sale in November or delaying the deal till next year as global uncertainty mounts, people familiar with the matter say. It can proceed with a required initial public offering hearing—either after its 1 November earnings or 11 November Singles’ Day shopping gala—or risk postponing …

After Being Stalled by Protests, Alibaba to Resume Hong Kong Listing Plans in November: Report
5 years, 2 months ago

After Being Stalled by Protests, Alibaba to Resume Hong Kong Listing Plans in November: Report

News 18  

Hong Kong/New York: Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest put the move on ice earlier this year, people familiar with the matter said on Wednesday. Alibaba’s listing would boost Hong Kong’s status as a major capital markets hub. Alibaba plans to seek …

Hong Kong’s political crisis isn’t a deal breaker for investors right now
5 years, 3 months ago

Hong Kong’s political crisis isn’t a deal breaker for investors right now

CNN  

Hong Kong CNN Business — Protests have paralyzed many parts of Hong Kong for months, trashing its retail economy and prompting an outflow of money to Singapore. The day before Tuesday’s violent escalation, Anheuser-Busch InBev listed its Asia business on the Hong Kong Stock Exchange, raising $5 billion in the second biggest IPO of the year after Uber. “Budweiser’s IPO …

AB InBev’s Asia business jumps more than 4% in first day of Hong Kong trading
5 years, 3 months ago

AB InBev’s Asia business jumps more than 4% in first day of Hong Kong trading

CNN  

Hong Kong CNN Business — Shares in Anheuser-Busch InBev’s Asia business popped on theirmarket debutin Hong Kong on Monday. Budweiser APAC stock closed 4.4% higher at 28.2 Hong Kong dollars on its first day of trading in what was the second biggest public offering this year after Uber’s $8.1 billion IPO in May. The brewer of Budweiser, Beck’s and Stella …

Hong Kong makes $37 billion bid for London Stock Exchange
5 years, 4 months ago

Hong Kong makes $37 billion bid for London Stock Exchange

CNN  

London CNN Business — Hong Kong has just made a surprise £30 billion takeover bid for the London Stock Exchange. Hong Kong Exchanges and Clearing said Wednesday it had made a proposal to the LSE to combine the two companies in a cash and share deal worth £29.6 billion, or £31.6 billion including debt. The transaction would give Hong Kong …

Alibaba postpones its up to $15 bn listing in Hong Kong due to growing protests
5 years, 4 months ago

Alibaba postpones its up to $15 bn listing in Hong Kong due to growing protests

Firstpost  

a listing by Alibaba is a big deal for the Hong Kong stock exchange, which is lagging behind its New York rivals China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Earlier …

Alibaba delays $15bn stock market listing amid Hong Kong protests, say reports
5 years, 4 months ago

Alibaba delays $15bn stock market listing amid Hong Kong protests, say reports

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Alibaba has postponed its long-awaited …

Hong Kong real estate: Protests and trade war wipe $50 billion off top property stocks
5 years, 5 months ago

Hong Kong real estate: Protests and trade war wipe $50 billion off top property stocks

CNN  

Hong Kong CNN Business — Weeks of pro-democracy protests in Hong Kong are battering shares in the city’s property developers and pushing its benchmark stock index closer to a bear market. About 446 billion Hong Kong dollars has been wiped off the market value of the nine largest Hong Kong real estate companies since April, according to data from Refinitiv. …

China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter
5 years, 7 months ago

China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter

Firstpost  

China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said Hong Kong: China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that …

Xiaomi shares dropped by 2.9 percent on the first day of its IPO listing
6 years, 6 months ago

Xiaomi shares dropped by 2.9 percent on the first day of its IPO listing

Firstpost  

Xiaomi priced its Hong Kong initial public offering at HK$17 per share, the bottom of an indicative range. Chinese smartphone maker Xiaomi Corp’s shares dropped 2.9 percent on debut in Hong Kong on 9 July, in a blow to investor sentiment for the tech sector as a raft of peers line up their own listings in the city. Xiaomi priced …

Xiaomi IPO raises $4.7 billion after pricing on low end
6 years, 6 months ago

Xiaomi IPO raises $4.7 billion after pricing on low end

Live Mint  

Hong Kong: Xiaomi Corp. and some existing investors raised $4.7 billion after pricing a Hong Kong initial public offering at the low end of a marketed range, a person with knowledge of the matter said. The smartphone maker, led by serial entrepreneur Lei Jun, is the first major tech listing in Hong Kong since the city changed its rules to …

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