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Alibaba has raised ~$11.2B in its Hong Kong share sale, after pricing 500M new shares at HK$176, in one of the largest equity offerings this year

- Company priced 500 million new shares at HK$176 each  — Alibaba's share sale is among the world's largest this year

Bloomberg

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Discussion

  • @jonrussell Jon Russell on x
    It's official, Alibaba HK IPO will raise just over $11B for general growth and “digital transformation” purposes I wonder will there be a war chest for acquisitions and how high India/SEA feature on that given relative disappointment of Paytm and Lazada https://www.alizila.com/..…
  • @lisaabramowicz1 Lisa Abramowicz on x
    Alibaba raised $11.2 billion on Hong Kong's exchange, the city's biggest share sale since 2010. This will likely engender goodwill for Alibaba in Beijing, which wants capital to keep flowing into Hong Kong especially amid the recent upheaval. https://www.bloomberg.com/...