Report: Alibaba's $15B Hong Kong IPO Coming At End Of November


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Alibaba (NYSE:BABA) is planning a $15 billion Hong Kong listing for late November, according to a Reuters report.

The company is due to seek approval from Hong Kong’s listing committee next week.

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Alibaba had been working on an August listing in Hong Kong, but put the deal on hold due to the anti-government protests being held in the city.

Alibaba shares were trading up 0.75% at $188.06 in Friday’s pre-market session. The stock has a 52-week high of 195.72 and a 52-week low of $129.77.

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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: NewsIPOs