A logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China, November 18, 2019. REUTERS/Aly Song

Alibaba prices Hong Kong shares at HK$176, a slight discount to its New York shares in world’s biggest IPO of 2019

  • Retail portion has been oversubscribed by 40 times, meaning the size is likely to be increased to 50 million shares from 12.5 million, sources said
  • Separately, the Hong Kong stock exchange will roll out options and futures contracts for Alibaba shares on its November 26 debut, stock will also be available for short-selling
Topic |   IPO

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A logo of Alibaba Group is seen at the company's headquarters in Hangzhou, Zhejiang province, China, November 18, 2019. REUTERS/Aly Song
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The real significance of Alibaba’s return to Hong Kong is the vote of confidence in the city’s status as a global financial hub despite the ongoing social unrest. Photo: AFP
SCMP Editorial
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Editorial by SCMP Editorial

Alibaba gives Hong Kong vote of confidence

  • ‘Homecoming’ listing of world’s largest online shopping platform may raise as much as US$13.4 billion and support city’s status as a global financial hub despite the ongoing social unrest

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The real significance of Alibaba’s return to Hong Kong is the vote of confidence in the city’s status as a global financial hub despite the ongoing social unrest. Photo: AFP
READ FULL ARTICLE