Alibaba is set to raise up to $13.4bn in a secondary listing in Hong Kong In what would be the world’s biggest equity capital raising of the year so far.
The Chinese ecommerce company on Wednesday night kicked off a week-long roadshow in which it would seek to sell 500m shares to investors, according to a term sheet seen by the Financial Times.
Final pricing on the deal is set to be confirmed on November 20 with shares listing in Hong Kong on November 26 under the ticker 9988, the term sheet said.
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