Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Alibaba hires more banks on up to $15 billion listing: sources

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/09/2019 | 04:45am EST
FILE PHOTO: The logo of Alibaba Group is seen at the company's headquarters in Hangzhou

Alibaba has extended its investment banking syndicate as it works towards a $10 billion to $15 billion listing in Hong Kong at the end of the month, according to three sources with direct knowledge of the matter.

The online Chinese retail giant has appointed Citigroup, JP Morgan and Morgan Stanley to work on the deal, as was first reported on Saturday by Bloomberg.

The deal is being led by China International Capital Corporation (CICC) and Credit Suisse, with the company due to face a Hong Kong Stock Exchange listing committee hearing this coming Thursday, Nov. 14.

Alibaba, JP Morgan and Morgan Stanley representatives declined to comment on the appointments. A Citigroup spokesman also declined to comment.

Reuters revealed on Friday that the Alibaba listing process will begin the week of Nov. 25.

(Reporting by Scott Murdoch; Editing by Tom Hogue and Christian Schmollinger)

By Scott Murdoch

Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING -0.11% 184.76 Delayed Quote.34.87%
CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED -1.44% 13.68 End-of-day quote.-7.82%
CITIGROUP INC. 0.80% 74.49 Delayed Quote.41.95%
CREDIT SUISSE GROUP AG 1.46% 13.225 Delayed Quote.20.69%
MORGAN STANLEY 0.18% 48.925 Delayed Quote.23.18%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
11:16aNEWS HIGHLIGHTS : Top Company News of the Day
DJ
11:16aNEWS HIGHLIGHTS : Top Global Markets News of the Day
DJ
11:16aNEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
11:15aKansas City Fed Manufacturing Index Logs Negative Reading for November
DJ
11:01aDeutsche Bank sues Madoff feeder funds for reneging on $1.6 billion claims sale
RE
11:01aItaly coalition divided over euro zone bailout fund reform
RE
10:57aSterling set for biggest daily drop in three weeks on weak survey data
RE
10:56aThe Best-Managed Companies of 2019 -- and How -2-
DJ
10:56aThe Best-Managed Companies of 2019 -- and How They Got That Way -- Journal Report
DJ
10:53aSouth African Airways inks deal to end eight-day strike
RE
Latest news "Economy & Forex"