REUTERS: Chinese e-commerce giant Alibaba said on Tuesday it has raised an additional HKUS$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 HKUS$176 per share, the same price it offered under its secondary listing.Alibaba had on Nov. 20 raised up to US$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.
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:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US Cyber Monday sales poised to top US$9.4 billionU.S. retailers kicked off Cyber Monday by launching a slew of deals earlier than usual over the weekend, seeking to sustain the momentum of a ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Daimler cost cuts to hit Germany hardest - Stuttgarter ZeitungDaimler's workforce in Germany will bear the brunt of 1.4 billion euros (US$1.5 billion) in cost cuts planned by the end of 2022, the head of the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Daimler cost cuts to hit Germany hardestDaimler's workforce in Germany will bear the brunt of 1.4 billion euros (US$1.5 billion) in cost cuts planned by the end of 2022, the head of the ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US vows 100per cent tariffs on French Champagne, cheese, handbags over digital taxThe U.S. government on Monday said it may slap punitive duties of up to 100per cent on US$2.4 billion in imports of French Champagne, handbags, ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
MVLLABS raises US$5m in Series A funding to grow mobility ecosystemRead more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US factory activity, construction spending unexpectedly fallU.S. factory activity contracted further in November amid a slump in new orders while construction spending unexpectedly fell, offering cautionary ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »