Daniel Zhang Yong, Chief Executive Officer of Alibaba Group attends the company's stock trading debut at the Hong Kong Exchanges and Clearing on November 26, 2019. He is flanked by board member Tung Chee-hwa and Laura Cha Shih May-lung, chairwoman of HKEX. Photo: Sam Tsang

Alibaba shares rise in Hong Kong debut, creating city’s biggest stock with HK$4 trillion market capitalisation

  • Shares close at HK$187.60 on first day of trading in Hong Kong, handing investors a 6.6 per cent gain over the HK$176 offer price
  • Alibaba is the most traded stock with HK$14 billion of shares changing hands, accounting for 10.5 per cent of main board turnover
Topic |   Alibaba

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Daniel Zhang Yong, Chief Executive Officer of Alibaba Group attends the company's stock trading debut at the Hong Kong Exchanges and Clearing on November 26, 2019. He is flanked by board member Tung Chee-hwa and Laura Cha Shih May-lung, chairwoman of HKEX. Photo: Sam Tsang
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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

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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