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Alibaba Group Pursues Primary Listing on the Hong Kong Stock Exchange | Business Wire

July 26, 2022
Source: businesswire.com businesswire.com
News Snapshot:
HONG KONG--( BUSINESS WIRE )--Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA and HKEX: 9988) today announces that its board of directors (“Board”) has authorized the Company’s management to apply for a primary listing on the Main Board of Hong Kong Stock Exchange. After completion of the primary listing process, which is expected to occur prior to the end of 2022, Alibaba will become a dual-primary listed company on the New York Stock Exchange in the form of American Depositary Shares (“ADSs”) and on the Hong Kong Stock Exchange in the form of ordinary shares. Alibaba currently maintains...
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