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On November 20, Alibaba successfully completed its secondary listing on Hong Kong Mainboard for $11.2bn since its first and largest listing on NYSE in 2014. The deal is the largest new listing on Hong Kong Mainboard in the last 5 years and the largest secondary listing on record.


As a trusted financial platform partner, Dealogic helped the bookrunners execute the transactions through the DealManager network. 


Transaction DetailsAlibaba Group Holding

Nationality: China

Industry: Technology

Deal Value: $11.2bn

Deal Type: Fully marketed secondary listing

Exchange: Hong Kong – Mainboard

Ticker: 9988

Priced: November 20, 2019

Bookrunners: CICC, Citi, CS, HSBC, ICBC, JPM, MS


Key Points



Top 3 Global Secondary Listing on Record

  1. Alibaba Group Holding with $11.2bn | China | Nov 2019
  2. Huatai Securities with $5.0bn | China | Aug 2000
  3. Petrobas with $4.3bn | Brazil | Mar 2015


Top 3 Hong Kong New Listing– Last 5 Years

  1. Alibaba Group Holding with $11.2bn | China | Nov 2019
  2. Postal Savings Bank of China with $7.6bn | China | Aug 2018
  3. China Tower Corp with $7.5bn | China | Sep 2019


Data Source: Dealogic as of November 21, 2019