Chinese e-commerce platform Alibaba is weighing a delay to its listing on the Hong Kong Stock Exchange due to massive anti-China protests that have shuttered the airport and captivated the world.
The Chinese online retailer had been working toward a September listing on the Hong Kong exchange as recently as last week, two sources told The Post.
But after protests broke out in Hong Kong — shuttering the airport for two days and drawing China’s troops to the border — the company is rethinking those plans, a source said.
Alibaba in June filed to sell shares in Hong Kong without setting a firm date. The offering is expected to be roughly $20 billion.
The Hong Kong listing will let pensions and other investors from the mainland buy shares of one of the country’s most recognizable Chinese companies. The Hongzhou, China-based Alibaba is also listed on the New York Stock Exchange but the Chinese government does not allow its citizens to buy shares of companies listed on a US exchange.
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Credit Suisse is the lead underwriter.
The NYSE-listed Alibaba carries a $417 billion market cap and is down more than 6% in the last month.
An Alibaba spokesperson declined comment.
“I think it is an interesting IPO, considering the ongoing US-China trade war,” a banker close to the offering said.
Alibaba reports earnings on Thursday.