On November 1, according to foreign media reports, Alibaba plans to go public in Hong Kong in November. Li Xiaojia, President of the Hong Kong stock exchange, told the media that he would not comment on Alibaba's listing.
Alibaba plans to apply to the Hong Kong stock exchange for listing after the "double 11" this year, and its shares are expected to start trading in Hong Kong at the end of November or early December. It is reported that considering the huge scale of the company and the fact that investors are already familiar with it, Ali is expected to give up the pre IPO roadshow meeting, i.e. meeting with institutional investors before IPO. The source also said Ali hopes to raise $10-15 billion through listing in Hong Kong. But the source cautioned that the plans would still depend on market conditions.