FINALLY ALIBABA’S PRIMARY LISTING IN HONG KONG + DIVIDEND
Alibaba Group Holding is paving the way for China’s 210 million investors to buy a stake in the e-commerce giant as it pushes ahead with a plan for a primary listing of its shares in Hong Kong, Asia’s third-largest stock market. The process, expected to be completed by end-August, is a prerequisite to be included in the cross-border exchange link programme and will allow the US$400 billion company to leverage on its visibility and investor familiarity in the world’s second-largest economy.
Exposure to mainland investors will provide a long-heralded boost to Alibaba’s Hong Kong-traded shares at a time when onshore funds are starting to have a bigger influence on the city’s US$5.3 trillion stock market.
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