Sunday 15 December 2019
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wn.com - 25 days ago

Alibaba on track to raise $12.9 billion in Hong Kong listing

Hong Kong (CNN Business)Alibaba put a price on its highly anticipated Hong Kong stock market debut on Wednesday, the world s biggest share sale of the year so far. China s largest e-commerce company said it was issuing the new shares at 176 Hong Kong dollars ($22.50) each. That s equivalent to a discount of about 3% to Alibaba (BABA) s closing price in New York, where its stock has traded since 2014. The price falls short of the 188 Hong Kong dollars...


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