By Scott Murdoch
(Reuters) – Alibaba Group Holding Ltd (N:) plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, two people with direct knowledge of the matter told Reuters.
The U.S.-listed Chinese e-commerce giant is due to seek approval from Hong Kong’s listing committee on Thursday, the people said, for a deal that Dealogic data showed will be the world’s biggest-ever cross-border secondary listing.
The people declined to be identified due to the sensitivity of the matter. Alibaba did not immediately respond to a request for comment.
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