Alibaba’s Secondary Hong Kong Listing Gets approval

Alibaba’s Secondary Hong Kong Listing Gets approval

BEIJING– Alibaba Group Holding Ltd.’s leaders utilized the code “Project Orange” to go over the company’s blockbuster going public in2014 Now they are close to seeing the fulfillment of “Project Tangerine,” the internal name for their effort to raise approximately $15 billion in a secondary listing in Hong Kong.

Hong Kong’s stock market has authorized the Chinese online retailer’s application for the offering, stated people knowledgeable about the matter, giving the Asian financial center a vote of confidence after monthslong presentations …

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