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.
Asia's most valuable listed company gained regulatory approval for the listing on Tuesday. It began an investor road show on Wednesday, with final pricing scheduled for Nov. 20 and a debut on the Hong Kong exchange on Nov. 26, the term sheet showed. Alibaba raised $25 billion five years ago in the world's biggest initial public offering on the New York Stock Exchange.
