The Hong Kong listing deal was estimated at up to US$20bil, but is more likely, according to sources close to the deal, to raise between US$10bil and US$15bil (A logo of Alibaba Group is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS)
HONG KONG: Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned US$15bil listing in the city, with sources saying China’s biggest e-commerce company is now considering several timetables.
New York-listed Alibaba was most likely to launch the offer –potentially the world’s biggest of the year – as early as the third quarter, sources have said, and late August, after its first-quarter earnings, was widely viewed as the most likely window.
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