Alibaba Logistics division looking to launch a $2 billion IPO in Hong Kong

If you have been following our publication lately then you would know everything that is going on at Alibaba but if you don’t, no worries as well repeat everything for you. First of all, it is worth mentioning that the former CEO of Alibaba, Jack Ma, has resigned. After that, it was announced that the Alibaba Group will split into six different units and each of these units will have the option to launch an IPO. Now, we are getting reports from Reuters that Alibaba is already looking to list its logistics division online. It is worth noting that, according to rumors, the IPO will be up to $2 billion valuation in Hong Kong Stock Exchange.

One analyst said that the public listing of Alibaba’s Logistics division as well as its plan to become a publicly listed entity are mostly great. He added that “There will be international demand for these assets, although valuation may be a challenge given the losses that global investors have suffered from high-growth Chinese stocks,” According to one report, Refinitiv data suggests that about $1.5 Billion have been already raised by Alibaba this year and the launch of this IPO could take place next year if plans are finalized. It is worth noting that the report does mention about not going through this plan as well and choosing a different one so take our word on whatever you feel like.

Talking about the IPO and the things related to it, we know that Alibaba had already become too big in the eyes of its investors and that was also the reason why its stock prices were not going up as high as others. Due to this reason, it is believed that the IPO will be launched in China where the demand is great. Former banked named Craign Coben said, Alibaba spin-offs would be on the radar of major global investors and added that “There will be international demand for these assets, although valuation may be a challenge given the losses that global investors have suffered from high-growth Chinese stocks,” AliExpress’s Logistics decision is named as Cianiao and could be priced at $1 Billion to $2 Billion.

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