Alibaba’s Hong Kong Listing: 2 Reasons to Buy Its Shares
Earlier this month, Alibaba Group (NYSE: BABA) announced plans to sell shares on the Hong Kong market. Shares are set to start trading the week of November 25th, with the Chinese e-commerce giant aiming to raise US$15 billion through the offering.
Alibaba is the first company to apply for a secondary listing under Hong Kong's new regulations. The company is already listed in the US, and this new listing will allow investors in Hong Kong, but more importantly China, to finally invest in one of China's most profitable companies.
As things stand, Alibaba is poised to be a powerhouse stock for investors around the globe. Here are two reasons why Alibaba's stock is a good bet for Hong Kong and Chinese investors.
Source Fool.com
