Alibaba files for Hong Kong listing
Updated : June 13, 2019 01:03 PM IST
The listing will take place as soon as the third quarter of this year, the source said, declining to be named as they were not authorised to speak to the media on the matter.
Last month sources said the planned listing could aim to raise as much as $20 billion, lining the e-commerce group up for a second blockbuster deal following its 2014 record $25 billion float in New York.
Chinese investment bank CICC and Swiss-based Credit Suisse are leading the deal. No other banks have been formally mandated as yet.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more