Wednesday, 20 November 2019

UPDATE 1-Alibaba will raise up to $12.9 bln in Hong Kong listing -sources

UPDATE 1-Alibaba will raise up to $12.9 bln in Hong Kong listing -sourcesChinese e-commerce giant Alibaba will raise up to $12.9 billion in its Hong Kong secondary listing, pricing its shares at a 2.8% discount to their last closing price in New York, two sources with direct knowledge of the matter said. Alibaba had previously indicated it could raise up to $13.4 billion if the greenshoe option is exercised.




from Yahoo Finance https://ift.tt/37mKHth

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