Alibaba Health launches $1bn share sale

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By Jonathan Breen
04 Aug 2020

Alibaba Health Information Technology hit the market on Tuesday evening to raise up to HK$8.2bn ($1.06bn) in fresh equity from a follow-on, according to a term sheet seen by GlobalCapital Asia.

Placing agents Citi and Credit Suisse kicked off an accelerated bookbuild for the deal after trading ended in Hong Kong.

The issuer is selling 400m primary shares, equal to 3.1% of its existing equity capital, at HK$20.05 to HK$20.50 apiece. The range gives the firm proceeds of HK$8.02bn ...

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