Alibaba Group Considers Second Listing to Raise $20 Billion

According to sources familiar with the situation, China’s Alibaba Group Holding is considering raising $20 billion through a second listing in Hong Kong.

This could bring the largest company in China to investors in its home country after already having a record breaking debut in the states in 2014.

It has been said by unidentified sources that the e-commerce giant is working with financial advisers on the planned offering. The company aiming to file a listing application in Hong Kong confidentially as early as the second half of 2019 said the sources.

With the company’s NYSE debut several years ago, Alibaba was able to raise $25 billion in the world’s largest first-time share sale.

It was during this time that the company was having trouble getting Hong Kong regulators to approve its proposed governance structure. The city’s exchange did give approval for dual-share classes last year.

Alibaba declined to comment on the report that originally was on Bloomberg.

Disclaimer: We have no position in Alibaba Group Holding Ltd (NYSE: BABA) and have not been compensated for this article.