Alibaba sets retail price ceiling for multi-billion-dollar HK listing

Hong Kong Stock Exchange adobe 230x150
By Jonathan Breen
15 Nov 2019

Alibaba Group Holding has fixed the price for the retail portion of its secondary listing in Hong Kong after launching the deal without a marketing range, according to an announcement by the company.

The e-commerce giant is offering 500m primary ordinary shares, split 97.5%-2.5% between international and local retail tranches. The price for the retail tranche will be no more than HK$188 per share, which, if applied to the entire float, would set proceeds at HK$94bn ($12bn).

The price equals a ...

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