Alibaba’s T-Head Said to Plan Hong Kong IPO Next Year, Targeting $2-3B

Cointime reports: Alibaba’s chip unit T-Head is planning an initial public offering in Hong Kong next year, aiming to raise $2 billion to $3 billion. The listing would bring the Chinese e-commerce giant’s semiconductor design arm to the Hong Kong stock exchange. No further details on timing, valuation or underwriters were disclosed.