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Alibaba (NYSE: BABA) plans to raise up to $ 20 billion via a listing in Hong Kong, in anticipation of a second contract following its record $ 25 billion float in 2014 in New York .
The next share sale would provide Alibaba with additional capital to fund its new initiatives, such as cloud computing and Hema supermarkets, and comes as the founder, Jack Ma, prepares to leave his President's post in September.
A listing in Hong Kong would also give mainland investors their first direct access to one of China's greatest success stories, via the Stock Connect between Hong Kong, Shanghai and Shenzhen.
Baba + 0.7% pre-commercial
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