Alibaba set for biggest equity capital raising of year in Hong Kong listing

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Alibaba is set to kick off what would be the world’s biggest equity capital raising of the year so far, as it prepares for its second listing on the Hong Kong stock exchange.

The Chinese ecommerce giant is looking to raise up to $13.4bn and kicked off a “week-long roadshow” yesterday in a bid to sell 500 million shares to investors, according to the Financial Times.

The final price of Alibaba shares on the Hong Kong stock exchange is expected to be finalised on Wednesday.

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