Alibaba is one of the world’s largest corporations, specializing in e-commerce, cloud services, retail, etc. and had one of the largest IPO’s in history in 2014, valued at over $21 billion. But now, the Chinese tech behemoth is reportedly eyeing another listing at the Hong Kong Stock Exchange. Its IPO in New York generated an amazing $25 billion in what was the world’s largest first-time share sale. It's listing in Hong Kong is expected to raise a whopping $20 billion. This decision comes in the wake of changes in regulations in Hong Kong that would allow Alibaba, with its unique management structure to trade there. The company’s board membership is decided by a group of self-appointing senior managers.
Additionally, experts also speculate such a decision may also be the result of the ongoing trade war between the United States and China, making it more difficult for Chinese tech companies to import or export goods from the United States.
The capital generated from the IPO would enable Alibaba to continue investing to improve its portfolio and diversify its already vast offerings. The Chinese titan is aggressively expanding its footprint in the cloud computing market in addition to establishing its own chain of brick-and-mortar supermarkets.
Alibaba is one the only Asian company after Tencent to achieve $500 billion in evaluation and is one of the world’s largest internet and artificial intelligence companies and also one of the biggest venture capital firms in the world.