Alibaba: aims at IPO 15 billion dollars on the Hong Kong Stock Exchange

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e-commerce

After the postponement of the unrest in Hong Kong, the e-commerce giant's IPO would be on the launching pad according to the Bloomberg agency. The e-commerce giant would plan to raise $ 15 billion

by Andrea Biondi

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The Chinese e-commerce giant Alibaba plans to raise $ 15 billion in a future listing on the Hong Kong stock exchange. The Bloomberg agency states today.

The group will have a meeting next week with the authorities of bagsaid Bloomberg. This is the largest IPO from 2010 to Hong Kong where strong political unrest has been underway for five months, which postponed the initial listing planned for the end of August.

Alibaba is already listed, from 2014, a Wall Street, where it raised 25 billion dollars, an absolute world record for an IPO.

The Chinese giant closed the second quarter of the 2019-2020 accounting year with a net profit up 262% year on year to 70.74 billion yuan (about 9 billion euros). A performance determined to a significant extent by the benefits of a non-recurring transaction, or having received a 33% interest in the capital of Ant Financial.

Jack Ma leaves Alibaba, the scepter passes to Daniel Zhang

In September the society has recorded a passage in its historical way, with the founder Jack Ma who left the executive presidency to the CEO Daniel Zhang (47). The genius that in 2014 set the record for the Wall Street largest IPO in history (25 billion dollars), he will devote himself to philanthropy (a bit like Bill Gates) and teaching. But he will not lose sight of his creature. In addition to the quota in its possession it will be part of Alibaba partnership, which has an important role in the governance of a group from $ 460 billion in capitalization and one hundred thousand employees.



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