Alibaba confirms huge Hong Kong public listing

Alibaba confirms huge Hong Kong public listing

16.11.2019

Alibaba confirms huge Hong Kong public listing

Chinese technology giant Alibaba confirmed Friday its plans to list on the Hong Kong stock exchange, in an initial public listing aiming to raise up to $13.8 billion.

The company is offering 500 million shares plus an over-allocation option, meaning the sale could be worth as much as $13.8 billion.

Daniel Zhang, Alibaba Chief Executive Officer, said the group wanted to “contribute, in our small way, and participate in the future of Hong Kong”.

In the statement, Zhang said that when Alibaba went public in 2014 it “missed out on Hong Kong with regret”.

Read more: Manila Bulletin News

Alibaba confirms huge Hong Kong public listing worth at least $13 billionThe enormous IPO 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

Alibaba says the 'future of Hong Kong remains bright' as it kicks off share saleHong Kong's financial markets are getting a boost of confidence from Alibaba's multibillion-dollar public offering.

Chinese, other students flee Hong Kong as violence worsensHONG KONG — University students from mainland China and Taiwan are fleeing Hong Kong, while those from three Scandinavian countries have been moved or urged to leave as college campuses become the latest battleground in the city’s 5-month-long anti-government unrest. FDPascual and gideonlasco is so proud of whatever is happening in HK. Wish nila mamgyari sa Manila iyan Anarchists

Chinese state media issues dire warning as Hong Kong protests take dark turnHong Kong looked set for another long day of violent clashes and travel chaos Thursday with protesters occupying several universities across the city amid growing concern over what might happen next. HONGKONGERS HAD AWAKEN OF THE REPRESSIVE DESPOSITION OF COMMUNIST china. there is no turning back. it is between life and death.

South Korean, Chinese students face off over Hong Kong protests

Filipinos should have Hong Kong people’s ‘undaunted spirit’ vs China – PangilinanICYMI: The “undaunted spirit” of the people of Hong Kong in fighting China’s creeping authority over them should make Filipinos ponder on Beijing claiming parts of the West Philippine Sea. WestPHSea | NCorralesINQ NCorralesINQ How?!? If the ones in power are the ones selling 🇵🇭 to 🇨🇳 😡🤮😑🙄 NCorralesINQ That's a wish without Duterte as our President. NCorralesINQ We have people's power before. Just awaken the spirit. lenirobredo Can't lead Filipinos anymore. In fact, it now appears that there is vaccum in opposition leadership. Sad to think that our hope in lenirobredo Was sold for a few pieces of silver. momblogger citizenjaneph

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