Alibaba (NYSE:BABA) is reportedly considering raising as much as $20B through a listing in Hong Kong, lining up a second blockbuster deal following its 2014 record $25B float in New York.
The follow-on share sale would provide Alibaba with additional capital to fund its new initiatives, like cloud computing and Hema supermarkets, and comes as founder Jack Ma prepares to step down as chairman in September.
A Hong Kong listing would also give mainland investors their first direct access to one of China’s biggest success stories, via the stock connect trading link between Hong Kong, Shanghai and Shenzhen.
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