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 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 Exchanges & Clearing, the city’s bourse operator, changed its listing rules last year - primarily with the aim of attracting Chinese tech groups. Listing in Hong Kong would also give mainland Chinese investors their first direct access to one of their country’s biggest success stories, via the stock connect trading link between Hong Kong, Shanghai and Shenzhen. Logistics real estate developer ESR Cayman Ltd on Thursday pulled what would have been the largest Hong Kong listing so far this year, citing “current market conditions”.

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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 …

China regulators tell banks to expedite offshore company listings, sources say
1 month ago

China regulators tell banks to expedite offshore company listings, sources say

The Hindu  

Regulators in mainland China and Hong Kong have told some of the world's biggest investment banks to help speed up Chinese companies' listings in the city, said sources, in a bid to boost fundraising overseas and revitalise the world's No. In a similar move, Hong Kong's bourse operator has also initiated one-on-one meetings with major global and Chinese banks since …

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 …

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 …

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 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 …

China denies plan for $1 bn Alibaba fine
3 years, 10 months ago

China denies plan for $1 bn Alibaba fine

The Hindu  

China denied on Friday it was planning to hit e-commerce giant Alibaba with a record fine of almost $1 billion for allegedly flouting monopoly rules, as authorities turned up the pressure on the country's vast technology sector. The market's regulator denied it was planning to fine the company almost $1 billion for anti-competitive behaviour, as reported by the Wall Street …

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 …

JD.com becomes the latest Chinese company to turn to Hong Kong with $4 billion listing
4 years, 7 months ago

JD.com becomes the latest Chinese company to turn to Hong Kong with $4 billion listing

CNN  

Hong Kong CNN Business — JD.com is planning a secondary listing for its shares on Hong Kong’s stock market — the latest example of how the city is becoming a fallback for Chinese companies fearful of possible regulatory trouble in the United States. The Chinese e-commerce and tech company said in a filing to the US Securities and Exchange Commission …

Chinese companies facing pushback in the US could seek refuge in Hong Kong
4 years, 7 months ago

Chinese companies facing pushback in the US could seek refuge in Hong Kong

CNN  

Hong Kong CNN Business — Hong Kong’s status as a global business hub has been cast into doubt in recent weeks. Other companies are considering Hong Kong, too “China’s tech giants see Hong Kong as middle ground,” said Brock Silvers, chief investment officer for Hong Kong-based Adamas Asset Management. “But it has evolved in light of the trade war and …

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 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, …

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 exchange makes surprise bid for LSE
5 years, 4 months ago

Hong Kong exchange makes surprise bid for LSE

Live Mint  

London: Hong Kong Exchanges and Clearing Ltd made an unexpected $36.6 billion bid for London Stock Exchange Group Plc, a bold move that could upend the UK bourse’s combination with Refinitiv. The offer faces several hurdles, as LSE’s board “remains committed to” the acquisition of data provider Refinitiv as it considers what it called an unsolicited, preliminary and highly conditional …

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 …

China can’t get enough of Hong Kong’s sinking stocks
5 years, 5 months ago

China can’t get enough of Hong Kong’s sinking stocks

Al Jazeera  

Hong Kong’s tumbling equity market may find that its biggest fans are right across the border. Onshore-based investors have purchased a net $5.1 billion of Hong Kong stocks in the last 20 sessions, the longest run of inflows since February 2018, according to data compiled by Bloomberg. “This is a prime time to invest in Hong Kong,” said He Qi, …

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. …

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 …

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