Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to $15 billion as soon as Thursday, according to two sources with knowledge of the discussions. While Alibaba executives are preparing for a Thursday launch, sources said the timing could slip depending on developments in Hong Kong’s ongoing protests. The deal – the world’s biggest cross-border secondary listing – will be seen as a boost for Hong Kong, which recently entered its first recession in a decade as more than five months of street protests and worries about the …read more
Source:: Yahoo Finance
