Alibaba is reportedly working with financial advisers to raise $20 billion via a second listing as early as the later half of 2019, sources tells Bloomberg.
The Hong Kong-based offering would come after Alibaba in 2014 raised $25 billion on the New York Stock Exchange in the globe’s largest first-time share sale.
Alibaba Group Holdings is debating whether to offer new public shares through a listing in Hong Kong.
The sources added that a key aim of the second listing would be to diversify its funding channels and bolster liquidity, especially as Chinese companies face increasingly heated barbs from the Trump administration.
