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Alibaba to Apply for Primary Stock Listing in Hong Kong

July 26, 2022
Source: bnnbloomberg.ca bnnbloomberg.ca
News Snapshot:
(Bloomberg) -- Alibaba Group Holding Ltd. said it will apply for a primary listing in Hong Kong, a move that could make shares of the e-commerce giant accessible by mainland Chinese investors through the city’s exchange links with Shanghai and Shenzhen. The move, expected by year-end, is part of a growing shift toward primary listings in Hong Kong as more dual-traded companies seek exposure to investors from China. Hong Kong Exchanges and Clearing Ltd. Chief Executive Officer Nicolas Aguzin has said more companies with secondary shares in Hong Kong are considering primary listings, while others may be forced to do...
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Tags: Alibaba | Bloomberg | CEO | China | Chinese | e-commerce | executive | Giant | Guangdong | Hong Kong | IT | KONG | listing | listings | online shopping | Seek | Shanghai | shares | Shenzhen | stock | stock market

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