Over-allocation options may take the total value of Alibaba's shares to more than US$13 billion, making it one of the biggest IPOs in Hong Kong for a decade after insurance giant AIA raised US$20.5 billion in 2010. – EPA pic, November 15, 2019.
CHINESE technology giant Alibaba today confirmed plans to list in Hong Kong in what it called a US$13 billion vote of confidence in the turbulent city’s markets and a step forward in its plans to go global. The enormous IPO, which Hong Kong had lobbied for, will come as a boost for authorities wrestling with pro-democracy protests that have tarnished the financial hub’s image for order and security and hammered its stock market.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Alibaba launches US$13.4b Hong Kong listing to fund expansion | Malay MailHONG KONG, Nov 13 — Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing today, braving unrest in the global financial hub to try to raise up to US$13.4 billion (RM55.6 billion) to fund its expansion plans. The books for institutional investors looking to...
Source: malaymail - 🏆 1. / 86 Read more »
HK future is bright, says Alibaba chairman ahead of US$13 bil listingLargest listing in 9 years comes as Beijing seeks support to maintain sense of business-as-usual in face of unrest. FMTNews Alibaba StockExchange
Source: fmtoday - 🏆 5. / 72 Read more »
Alibaba poised to launch record-breaking US$13.4b HK share sale -SourcesHONG KONG: Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to US$13.4 billion as soon as Thursday, according to two sources with knowledge of the discussions.
Source: NST_Online - 🏆 17. / 53 Read more »
Alibaba launches US$13.4b Hong Kong listing to fund expansion | Malay MailHONG KONG, Nov 13 — Chinese e-commerce giant Alibaba Group launched the share sale for its Hong Kong listing today, braving unrest in the global financial hub to try to raise up to US$13.4 billion (RM55.6 billion) to fund its expansion plans. The books for institutional investors looking to...
Source: malaymail - 🏆 1. / 86 Read more »
Alibaba poised to launch record-breaking US$13.4b HK share sale -SourcesHONG KONG: Chinese e-commerce giant Alibaba Group is poised to launch a Hong Kong share sale expected to raise up to US$13.4 billion as soon as Thursday, according to two sources with knowledge of the discussions.
Source: NST_Online - 🏆 17. / 53 Read more »
HK future is bright, says Alibaba chairman ahead of US$13 bil listingLargest listing in 9 years comes as Beijing seeks support to maintain sense of business-as-usual in face of unrest. FMTNews Alibaba StockExchange
Source: fmtoday - 🏆 5. / 72 Read more »