2019’s biggest listing so far

Alibaba is on track to raise about $12.9 billion in its latest share sale, putting Hong Kong on top of the global leaderboard for fundraising in 2019 despite months of unrest in China's semiautonomous region. The e-commerce group's listing on Nov. 26 is also set to be the world's biggest this year — and the biggest equity offering in Hong Kong since 2010. If oil firm Saudi Aramco’s initial public offering in Riyadh goes ahead in December as anticipated, however, it could outrun Alibaba.