By ET Bureau - November 14, 2019 1 Mins Read
Alibaba is looking forward to raising $13 billion by launching the Hong Kong listing fund. The secondary listing in Hong Kong is likely to take place in the last week of November, reports Reuters.
Alibaba will issue 500 million new ordinary shares plus 75 million “greenshoe” options. The company plans to use the money to invest in online delivery platform Ele.me and online travel group Fliggy.
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