A monitor displays Alibaba Group Holding’s signage on the floor of the New York Stock Exchange (NYSE) in New York on Tuesday, January 2, 2018. Photo: Bloomberg

Alibaba seeks one-to-eight stock split as the first step toward a secondary listing that may raise as much as US$20 billion

  • Alibaba will split its ordinary shares in a one-to-eight subdivision
  • One ordinary share with a par value of US$0.000025 will be subdivided into eight ordinary shares with a par value of US$0.000003125, increasing the number of ordinary shares from 4 billion to 32 billion
Topic |   Alibaba

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A monitor displays Alibaba Group Holding’s signage on the floor of the New York Stock Exchange (NYSE) in New York on Tuesday, January 2, 2018. Photo: Bloomberg
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