Hong Kong’s Alibaba Craze May Finally Pay Off With Mega-Deal

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Hong Kong’s Alibaba Craze May Finally Pay Off With Mega-DealFive years after Alibaba Group Holding Ltd. spurned the city’s stock exchange for a $25 billion initial public offering in New York, the Chinese e-commerce giant is said to be mulling a second listing in Hong Kong that would raise $20 billion from investors. The deal would mark a major victory for the Asian financial hub, which rewrote its stock-market rules after failing to attract Alibaba in 2014. Hong Kong’s move to allow dual-class shares has already had an impact, helping the city lure two of last year’s hottest tech IPOs.

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