Alibaba Submits an Application to List in Hong Kong

Healthcare, Financials Author: Ivan Platonov Jun 13, 2019 02:35 PM (GMT+8)

Global tech giant reportedly applied for a secondary listing, this time — at HKEX.

Alibaba office. Image credit: EO Company.

As the local media reported, Chinese multinational conglomerate Alibaba Group prepared and sent off the documents required for launching the vetting process on the Stock Exchange of Hong Kong.

The company announced its plans to raise another USD 20 billion from international investors last month.

Previously, digital behemoth went through the record-breaking IPO in New York, obtaining USD 25 billion. At this date, it is still the largest IPO of all time.