Alibaba has applied to list on the Hong Kong stock exchange, potentially setting itself up to raise billions in the coming months
Alibaba Group Holding Ltd. has filed confidential paperwork for a Hong Kong listing, according to people familiar with the matter, kicking off a process that could see the Chinese internet giant raise billions of dollars from a large stock sale in the coming months.
The proposed stock offering is being led by investment banks China International Capital Corp. and Credit Suisse, one of the people said.
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