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8/15, 8:39 AM (Source: TeleTrader)
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Report: Hong Kong crisis disturbs Alibaba IPO plan

Alibaba Group Holding Ltd. is reviewing the schedule for an equity offering on the Stock Exchange of Hong Kong, the New York Post wrote, quoting anonymous sources. There is a possibility of a delay of the listing as the city and autonomous territory has seen violence in months of protests against China's control, the article adds.

Before the recent escalation, which resulted in airport paralysis, the ecommerce heavyweight has intended to go public in September for the second time, insiders claimed. The company is said to have filed confidentially in June for a sale of $20 billion in shares. New rules opened the way for the move, which would give investors in China access to its stocks, as they are currently only traded in New York.

Alibaba is set to report quarterly earnings today and investors will be waiting for a possible update on the Hong Kong listing.

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