Alibaba listed in New York in 2014, raising a record $25 billion in the world’s largest initial public offering ever. However, according to analysts, the thought of a Hong Kong listing has long been attractive to the company due to its proximity to mainland China. Listing in Hong Kong would also provide access to more Asia-based investors, who may have a better understanding of the company’s business and may therefore afford it a higher valuation, analysts say. “If Alibaba lists again in Hong Kong, they can have a more diversified shareholder base,” says Zhang Yi, founder of Guangzhou-based consultancy iiMedia Research. “As Alibaba fulfills its long-time local listing goal, the question becomes whether we’ll see any move towards a New York de-listing.”

Source: Forbes May 28, 2019 06:56 UTC