Alibaba Weighs Raising $20 Billion Through A Second Listing

Alibaba aims to file a listing application in Hong Kong confidentially as early as the second half of 2019, the people said. A successful deal will rival AIA Group Ltd.’s 2010 IPO as Hong Kong’s largest-ever share sale, a triumph for a city that’s ceded many of China’s largest corporations to U.S. exchanges. Alibaba raised $25 billion in New York in the world’s largest initial public offering after struggling to persuade Hong Kong regulators to approve its unique structure, under which a coterie of partners decide board membership.