Alibaba Health seals HK’s largest follow-on in five years

Follow-ons/Rights Issues

Alibaba Health seals HK’s largest follow-on in five years

Alibaba Health Information Technology navigated concerns around its lofty valuations to pull off Hong Kong’s largest primary follow-on in five years, raising HK$10bn ($1.29bn) after boosting the size of the deal. The transaction closed with a bulging book, showing that demand for the healthcare sector is yet to peak. Jonathan Breen reports.

Securitization

People & Markets