Alibaba's listing would boost Hong Kong's status as a major capital markets hub.
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 (£11.64 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. After topping global rankings in 2018 for funds raised through IPOs, the city's bourse fell behind the New York Stock Exchange and Nasdaq this year as a string of pro-democracy demonstrations led to clashes with authorities.
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