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Alibaba has reportedly filed confidentially for a Hong Kong listing that could raise up to $20 billion (BABA)

Alibaba has reportedly filed confidentially for a Hong Kong listing that could raise up to $20 billion (BABA)
Marcos Brindicci/Reuters



Alibaba has reportedly filed to list on the Stock Exchange of Hong Kong in an offering that could raise $20 billion.




The China-based ecommerce conglomerate raised more than $20 billion from its initial public offering on the New York Stock Exchange more than four years ago.




Alibaba's shares were up less than 1% early Thursday.




Watch Alibaba trade live.




Alibaba, Amazon's largest competitor in China, has reportedly filed confidentially to list on the Hong Kong stock exchange. Bloomberg first reported the news.
The listing could raise as much as $20 billion, but the official amount hasn't been determined yet, according to the report. Alibaba's listing on the New York Stock Exchange in September 2014 raised a staggering $21.7 billion and still holds the lofty designation of the largest offering in US history.
Aliabab's current market capitalization is $418 billion as it stands now, and the company generated $54.4 billion in revenue in fiscal 2019.
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