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Alibaba starts trading on Hong Kong stock exchange

Chinese e-commerce giant Alibaba started trading on the Hong Kong stock exchange under the 9988 stock code on November 26, 2019. The Hangzhou-based company priced its Hong Kong shares at HK$176 (US$22.50) each, a slight discount to its US-listed depositary shares. In the world’s biggest share sale so far in 2019, the retail portion of the offering had been 40 times oversubscribed. Following nearly six months of anti-government protests in Hong Kong, Alibaba’s secondary listing was seen as a major boost to the city’s stock market. 

26 Nov 2019 - 1:42PM