Alibaba may resume Hong Kong listing plans as soon as November

Alibaba Group Holding Ltd is eyeing a listing in Hong Kong as early as November to raise up to $15 billion, after political unrest put the move on ice earlier this year, people familiar with the matter said.
Alibaba’s listing would boost Hong Kong’s status as a major capital markets hub. After topping global rankings in 2018 for funds raised through IPOs, the city’s bourse fell behind the New York Stock Exchange and Nasdaq this year amid months of anti-government protests that have roiled the Asian financial hub.
The float would be the world’s biggest equity deal for the year if the initial public offering (IPO) for state-owned oil company Saudi Aramco gets delayed to next year. Aramco’s IPO could be worth over $20 billion.