At the most basic level, it should bring the company at least $12 billion -- the biggest share sale in Hong Kong in nearly a decade, and about half the total raised in New York. Why Hong Kong? That will be a benchmark for the share price in Hong Kong. It came close in 2014, calling Hong Kong its natural first choice since most of its business is in China. To contact the reporters on this story: Carol Zhong in Hong Kong at yzhong71@bloomberg.net;Lulu Yilun Chen in Hong Kong at ychen447@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Paul Geitner, Laurence Arnold©2019 Bloomberg L.P.

Source: Washington Post November 16, 2019 21:56 UTC