Alibaba wins HK IPO approval, eyes anchors

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By Jonathan Breen
13 Nov 2019

Alibaba Group Holdings got the greenlight from Hong Kong's stock exchange for a listing that could be worth as much as $15bn. The deal looks set to receive strong anchor demand from Chinese investors.

The e-commerce giant passed its listing hearing with the HKEX and won approval on Wednesday, according to a source familiar with the matter. It was set to launch a week-long investor roadshow on the same day.

“It is expected there will be a discount of around 4% to ...

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