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

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

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.

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.

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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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Posted-In: News IPOs Best of Benzinga

 

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