Caixin
Jul 28, 2022 03:13 AM
BUSINESS

Alibaba Primary Listing May Lure Billions of Dollars From China

Chinese investors hold around 7% of stocks included in the links, suggesting an inflow of $16 billion into Alibaba over the next few years
Chinese investors hold around 7% of stocks included in the links, suggesting an inflow of $16 billion into Alibaba over the next few years

(Bloomberg) — Alibaba Group Holding Ltd. may attract at least $16 billion of Chinese money by shifting to a primary listing in Hong Kong, strategists say, getting a much-needed boost as its stock struggles to bottom out.

The move paves the way for the e-commerce giant to be included in the city’s trading links with mainland bourses, allowing an influx of new capital. Chinese investors hold around 7% of stocks included in the links, suggesting an inflow of $16 billion into Alibaba over the next few years, according to Goldman Sachs Group Inc. Sanford C. Bernstein estimates $21 billion.

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