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Alibaba offering could garner as much as $20 billion in Hong Kong-based offering!

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.

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