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Aug. 21, 2019, 5:13 a.m. EDT

Alibaba to delay Hong Kong listing amid unrest: report

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By Steve Goldstein

BABA

Alibaba Group Holding Ltd /zigman2/quotes/201948298/composite BABA +0.78% has delayed its up to $15 billion listing in Hong Kong, Reuters reported , citing two people with knowledge of the matter. While no new timetable has been formally set, Alibaba could potentially launch the deal as early as October, still seeking to raise $10 billion-$15 billion, the report added. The delay was due to the lack of financial and political stability in Hong Kong, the report said.

/zigman2/quotes/201948298/composite
US : U.S.: NYSE
$ 219.75
+1.71 +0.78%
Volume: 6.10M
June 5, 2020 12:15p
P/E Ratio
27.29
Dividend Yield
N/A
Market Cap
$584.94 billion
Rev. per Employee
$781,259
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