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Alibaba proposes share split ahead of reported $20B Hong Kong IPO

Alibaba proposes share split ahead of reported $20B Hong Kong IPO

Alibaba is being heavily linked with a public listing in Hong Kong, which could reportedly happen in Q3 and raise up to $20 billion. Shareholders are invited to vote on the offer ahead of the company's annual general meeting on July 15. The initiative has already been approved by Alibaba's board, which is recommending that shareholders follow suit.