Alibaba Group Executive Chairman Jack Ma. Photo by Marianna Massey/Getty Images
Alibaba has filed confidentially for a secondary listing in Hong Kong, Bloomberg and Reuters reported on Thursday, citing sources familiar with the matter.
Details: The deal is being led by Chinese investment bank CICC and Swiss-based Credit Suisse, according to the news organizations. The Chinese e-commerce giant filed the application this week without the need for financial disclosures, Bloomberg reports. It comes 5 years after Alibaba raised $25 billion via an IPO in New York.
Go deeper: Alibaba weighs $20 billion secondary offering in Hong Kong