Alibaba confidentially files for Hong Kong listing, says Bloomberg
Alibaba Group Holding Ltd has filed a confidential stock-listing application in Hong Kong, Bloomberg reported on Thursday morning. Were the company to go through with a Hong Kong listing, the offering could raise up to $20 billion, the report said, citing multiple anonymous sources. Alibaba raised $25 billion through its U.S. initial public offering in 2014. The company declined to comment. Shares are up 0.6% in premarket trading Thursday, and they've climbed 17% so far this year as the S&P 500 has risen 15%.
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