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Alibaba aims to raise up to $13.4bn in Hong Kong share sale

Chinese company weighs 5% discount as it gauges investor appetite, sources say

Alibaba's planned share sale in Hong Kong could be the biggest of the year, depending on the outcome of Saudi Aramco's IPO. (Photo by Yuki Kohara)
NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent | Hong Kong, Macao

HONG KONG -- Alibaba Group Holding, the Chinese e-commerce leader, hopes to raise as much as $13.4 billion through a secondary share offering in Hong Kong, according to a term sheet seen by Nikkei Asian Review.

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