A logo of Alibaba Group is seen at the World Internet Conference in Wuzhen on October 20, 2019. Photo: Reuters

Alibaba sets retail price for Hong Kong-listed shares after overwhelming response for global tranche of US$13.9 billion secondary listing

  • Alibaba Group Holding to price its retail shares at no more than HK$188 (US$24) each, according to a company statement
  • The e-commerce giant will raise up to US$13.86 billion in the first secondary listing on Hong Kong’s stock exchange, in a deal that would catapult the city back to the top of global ranks as the IPO capital
Topic |   IPO

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A logo of Alibaba Group is seen at the World Internet Conference in Wuzhen on October 20, 2019. Photo: Reuters
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The campus at the Alibaba Group Holding Ltd. headquarters during the annual November 11 Singles' Day online shopping event in Hangzhou, China, on November 11, 2019. Photo: Bloomberg

Alibaba unveils Hong Kong secondary listing plan, in vote of confidence that pushes city back to top of global IPO ranking

  • Alibaba aims to sell 500 million new shares, with 2.5 per cent set aside for Hong Kong public, according plan in SEC filing
  • Asia’s most-valuable company to start a weeklong roadshow this week, with trading debut expected on November 26
Topic |   IPO

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The campus at the Alibaba Group Holding Ltd. headquarters during the annual November 11 Singles' Day online shopping event in Hangzhou, China, on November 11, 2019. Photo: Bloomberg
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