The Chinese e-commerce raised $11.3 billion on its opening day of trading, which one analyst called 'a boost to Hong Kong.'
Shares in Alibaba surged more than 6% on their first day of trading in Hong Kong. The Chinese e-commerce giant raised $11.3 billion after issuing 500 million ordinary shares and 75 million"greenshoe" options, marking the largest listing of 2019. One analyst said the listing was"a boost to Hong Kong — both the city and the stock exchange," while others said it could entice more Chinese tech unicorns to list in Hong Kong despite the ongoing disruption.
Shares in Alibaba surged more than 6% on their first day of trading in Hong Kong. The Chinese e-commerce giant raised $11.3 billion after issuing 500 million ordinary shares and 75 million"greenshoe" options, marking the largest listing of 2019. One analyst said the listing was"a boost to Hong Kong — both the city and the stock exchange," while others said it could entice more Chinese tech unicorns to list in Hong Kong despite the ongoing disruption.
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Asia stocks set to trade higher; Alibaba to make blockbuster debut in Hong KongStocks in Asia were set to trade higher at the open on Tuesday following record finishes overnight on Wall Street.
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Alibaba shares jump more than 6% in Hong Kong debutShares of Chinese e-commerce giant Alibaba saw a strong debut in Hong Kong on Tuesday morning, after pricing its shares at 176 Hong Kong dollars (approx. $22.5) apiece.
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Alibaba stock pops 7% in Hong Kong debutCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
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Alibaba Shares Leap on Hong Kong Trading DebutShares in e-commerce giant Alibaba surged by more than 5% in early Tuesday trading on the Hong Kong Stock Market. It was the first day that Alibaba stock could be traded in the Asian financial capi…
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