Chinese e-commerce giant Alibaba said on Tuesday it has raised an additional HK$...
Alibaba's Chairman and Chief Executive Officer Daniel Zhang, Hong Kong Financial Secretary Paul Chan and former Hong Kong chief executive Tung Chee-hwa attend Alibaba Group's listing ceremony at the Hong Kong Stock Exchange in Hong Kong, China November 26, 2019. REUTERS/Stringer ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. CHINA OUT.
- Chinese e-commerce giant Alibaba said on Tuesday it has raised an additional HK$13.17 billion by exercising the over-allotment option in its Hong Kong secondary listing. The company said in a filing to the Hong Kong stock exchange it has received approval for the listing of 75 million over-allotment shares at HK$176 per share, the same price it offered under its secondary listing.
Alibaba had on Nov. 20 raised up to $12.9 billion in a landmark listing in Hong Kong, the largest share sale in the city in nine years and a world record for a cross-border secondary share sale.
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